Bond Coupon Is ‘Prime Difference’ in Greek Debt Talks, IIF Says

Greek debt swap talks between bondholders and government officials broke down last week because of disagreements over the coupon on the new bonds, said Frank Vogl, a spokesman at the Institute of International Finance.

Negotiations were also put on hold because there was no agreement from the different authorities involved, Vogl said today in an e-mail. The IIF is representing bondholders in talks with officials from the International Monetary Fund, the European Union and the Greek government.