SINGAPORE (MNI) – More than three-quarters of Greek private
bondholders are ready to agree to the restructuring of the country’s
debt, opening the way for the deal to proceed, the Financial Times
reported on its website late Thursday.
The paper quoted sources as saying bondholders had agreed to accept
new bonds worth less than half their existing holdings, with a deal to
be announced Friday morning in Europe.
It quoted someone close to the deal as saying up to 90% or 95% of
the bondholders may participate in the agreement.
Meanwhile, the International Monetary Fund will address details of
participation in the Greek program, including the size of its financial
aid, at a board meeting tentatively scheduled for March 15, an IMF
spokesman said Thursday.
[TOPICS: M$X$$$,MT$$$$,M$$EC$,MGX$$$]