Reuters
July 21, 2011
Four options will be offered to Greece's private sector creditors to contribute to the government's bailout, including debt exchange and rollover plans as well as a bond buyback scheme, the leading bank lobby group said.
The Institute of International Finance on Thursday said the bond exchange would help reduce Greece's debt pile by 13.5 billion euros, and by offering a menu of new instruments it aims to attract 90 percent investor participation in the plan.
It said this would provide financing to Greece of 54 billion euros from mid-2011 to mid-2014 and a total of 135 billion euros from mid-2011 to end-2020.
The net private sector contribution would amount to 17 billion euros, according to a separate document seen by Reuters earlier.
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