Greece may be examining the possibility of swapping its bailout loans with a 50-year government bond as a means of achieving debt relief once it reaches a primary surplus this year.
"Among the proposals being examined at a technical level as part of debt relief measures is issuing a long-term bond with a maturity of up to 50 years to possibly replace the bilateral loans from the first bailout," Reuters cited an official close to the negotiations as saying.
Repayment of the bailout loans is scheduled to begin in 2025 but this swap would extend repayment by decades according to the report.
Source: LiveCharts
"Among the proposals being examined at a technical level as part of debt relief measures is issuing a long-term bond with a maturity of up to 50 years to possibly replace the bilateral loans from the first bailout," Reuters cited an official close to the negotiations as saying.
Repayment of the bailout loans is scheduled to begin in 2025 but this swap would extend repayment by decades according to the report.
Source: LiveCharts
