Greece Says Debt Swap Deal Could Come as Early as This Week

Greece hopes to reach an agreement with private bondholders on a debt swap deal as early as this week, a Greek government spokesman said on Wednesday.

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Talks hit a snag on Tuesday after euro-zone finance ministers rejected the creditors’ final offer for a 4 percent coupon on new, longer-dated bonds to be issued by Greece in exchange for their existing bonds.

Charles Dallara, who represents banks and other private institutions in negotiations in his role at the Institute of International Finance, is due to return to Athens on Thursday to continue talks, said spokesman Pantelis Kapsis.

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