Greek Banks Said to Discuss Debt Exchanges Following Piraeus
- Bondholders held meeting with banks this week, people say
- Piraeus Bank proposed exchange on Thursday to boost capital
The Greek government has said that filling any capital holes identified in the ECB’s comprehensive assessment will pave the way for lifting capital controls next year.
Photographer: Kostas Tsironis/BloombergThis article is for subscribers only.
Greek banks met a group of bondholders on Monday and discussed the possibility of debt swaps to help repair their balance sheets, according to two people familiar with the matter.
Eurobank Ergasias SA and Alpha Bank AE are considering asking investors to swap notes for shares, said the people who asked not to be identified because the talks were private. National Bank of Greece SA, which also attended the meeting in Athens, may also consider a bond swap, depending on the price in its sale of Turkish unit Finansbank AS, the people said.