Greece Mulls Swapping Bailout Loans with 50-year Bond Issue - Source

Greece Mulls Swapping Bailout Loans with 50-year Bond Issue - Source

Greece is considering swapping a large part of its bailout loans with a 50-year government bond as a way to achieve debt relief once it achieves a primary budget surplus this year, Reuters reported, quoting an unnamed official.
"Among the proposals being examined at a technical level as part of debt relief measures is issuing a long-term bond with a maturity of up to 50 years to possibly replace the bilateral loans from the first bailout," Reuters quoted the official as saying.
He did not disclose the size of the bond issue under discussion.
The official also said the Greek government and its international creditors were not discussing for the time being the idea of swapping official sector debt with a long-term bond. "For this to happen, Greece must achieve a sustainable primary budget surplus to activate the agreement on further debt relief," the official said.
 
Previous Next
Close
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.