Greek Government’s Terms for Bond Swap With Creditors: Statement

Following is a copy of the Greek government’s press release outlining the terms of an invitation for a debt swap with creditors. It was published in Athens. Click here for a full copy including the annexes.

“The Ministerial Council of the Hellenic Republic today approved the terms of invitations to be made to private sector holders outside the United States of bonds issued or guaranteed by the Republic and selected to participate in the exchange offers and/or consent solicitations to be made by the Republic in furtherance of the 26 October 2011 Euro Summit Statement and the 21 February 2012 Eurogroup Statement, referred to as the Private Sector Involvement. The bonds invited to participate in PSI (listed by series in Annex I) have an aggregate outstanding face amount of approximately Euro 206 billion.