BRUSSELS -- Greece is set to receive a final green light for its new bailout and its ambitious debt restructuring from euro-area finance ministers meeting in Brussels Thursday, two European Union officials with knowledge of the discussions told Dow Jones Newswires.
Final approval of the EUR130 billion bailout will open the way for the signing of at least one agreement between Greece and the euro-zone's transitional rescue fund expected later Thursday, the officials said.
The agreement set to be signed will regard the provision by the rescue fund--the European Financial Stability Facility---of some EUR30 billion for sweeteners to the banks and other private investors who will take a 53.5% writedown on the face value of the holdings of Greek government bonds.
The sweeteners will take the form of short-dated EFSF bonds and will compensate private bondholders with 15 cents for each euro offered in exchange of old bonds.
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