Greece Plans To Buy Back Bonds 31 Billion 900 Million Euros To Reduce Debt To More Than 20 Billion Euros.

According to media reports, < a href= "http://sjfzxm.com/news/index_p.asp" > Greece > /a > the government announced on the 12 day that it plans to repurchase 31 billion 900 million euros of private debt to private investors including domestic banks, which will reduce the Greek government debt by more than 20 billion euros. P

< /p >

< p > private investors who are invited to replace their debts hold 62 billion euros of Greek bonds, of which Greek banks have a debt of about 15 billion euros.

The deadline for invitation is extended from December 7th to 11.

The average price of Greece's repurchase is equivalent to 33.8% of the face value of 2023-2042 years' maturity.

The Greek bond repurchase price is equivalent to 32.2% of the face value in 2037-2042 years.

< /p >

In 2039, Greece received a repurchase of 1 billion 780 million euros in 2039, and in 2023 it was lower than P href= http://sjfzxm.com/news/index_cj.as, with the lowest bid, and agreed to repurchase 1 billion 140 million euros.

< /p >

< p > private investors who take part in this debt repurchase will get the euro zone temporary relief fund issuing bonds on EFSF12 8.

< /p >

In order to replace all bids, Greece needs European institutions to approve the use of 11 billion 290 million euros, exceeding the "a href=" http://sjfzxm.com/news/index_cj.as "euro" /a "zone rescue fund, which originally offered 10 billion euros for the replacement of 30 billion euro bonds.

< /p >

< p > buyback is one of the measures adopted by the eurozone finance ministers to agree to help Greece reduce its debts. In November 27th this year, the European Union and IMF agreed to reduce the Greek debt to GDP ratio target from 190% in 2014 to 124% in 2020.

< /p >

< p > 12 after the announcement of the repurchase results by the Greek public debt authority on the date of this month, the Greek central bank governor George Provopoulos told the parliamentary Finance Committee that the repurchase was a victory.

He believes that such a result means that Greece meets the requirements of a eurozone relief fund appropriation.

< /p >

< p > the German deputy finance minister Steffen Kampeter sent a letter to the Congress, saying that the successful repurchase target met Greece's request to grant relief funds to Greece, and has delayed the deployment of 49 billion 100 million euros.

< /p >

< p > euro group leaders will meet on the 13 day to discuss the approval of the latest debt replacement operations and the 34 billion 400 million euro rescue loan to Greece.

< /p >