Greek Debt Writedown May Be as High as 60%, Financial Times Says

Private creditors holding Greek government bonds are set to accept a writedown of 55 percent to 60 percent of their holding, the Financial Times reported, citing people involved in the talks it didn’t identify.

The so-called Private Sector Involvement which aims to lower Greece’s debt would be more than a 50 percent writedown agreed as part of a debt swap agreed in October, the newspaper said.

To contact the reporter on this story: Francois de Beaupuy in Paris at fdebeaupuy@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net

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