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Bondholders Weigh Greek Debt Exchange Amid Budget Concerns

Questions over Greece’s ability to meet the terms of its first rescue package are dogging the indebted nation as bondholders weigh whether to participate in a debt exchange that’s crucial to a second bailout.

Greece is seeking preliminary responses today from bond investors to the proposed debt swap, part of a 159 billion-euro ($220 billion) European Union rescue plan agreed upon in July. Responses to the inquiry, which is not a formal offer, are nonbinding and will be aggregated by regulators on a country-by-country basis, according to the Greek government.