- Has received tenders and consents for 152 bln euros under Greek law
- Holders of 172 bln euros worth of bonds in total have consented to bond offer
- 95.7% of total face amount of bonds in swap if consent to amendments to Greek law bonds are accepted
- Has extended invitation period to bonds under non-Greek law and issued by state companies to March 23
- To amend bonds issued by Greek state companies, in a manner similar to the amendment proposed for Greek-law bonds
- There will be no further opportunity for applicable creditors to accept swap offer after March 23
So participation rate will reach 95.7% with use of collective action clauses to enforce the deal.
Reaction in markets very muted, EUR/USD trading marginally lower at 1.3235.
