ATHENS, Dec. 6 (Reuters) – Greece on Monday offered to buy back in cash or swap outstanding government bonds expiring 2023 to 2042, with new issues, its debt agency said.
The purpose of the offer is to normalize the yield curve of Greek bonds and to provide the market with benchmark bonds that will be more liquid than those in circulation to be traded.
Offer expires at 5:00 p.m. Central European Time on December 10 and the expected settlement date is December 17.
Greece proposes to exchange outstanding bonds with a maturity of 2023 to 2042, with new issues of 2% bonds expiring in April 2027, 3.9% bonds due 2033, bonds at 4.0% in 2037 and 4.2% bonds in 2042.
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Reporting by George Georgiopoulos, editing by Ed Osmond
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