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Greek Swap Participation at 20%

Finance minister says nation willing to force investors to sign on.

By Fabio Benedetti-Valentini and Natalie Weeks, Bloomberg | Updated on March 06, 2012

The private investors that so far declared their participation in Greece’s debt restructuring hold about 20 percent of the bonds involved in a swap required for an international bailout.

The 12 members of the creditors’ steering committee that said yesterday they would join in the exchange have debt with a face value of at least 40 billion euros ($53 billion), compared with the 206 billion euros of Greek bonds in private hands, according to data compiled by Bloomberg from company reports.

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