Greek Debt Deal Seen This Week

IIF says two sides are ‘close’ to completing voluntary exchange.

Greece and its private creditors said they expect to complete a debt-swap accord in this week, after bondholders signaled they would accept European government demands for lower interest rates.

The sides are “close” to completing a voluntary exchange within a framework outlined by Luxembourg Prime Minister Jean-Claude Juncker, the Institute of International Finance, negotiating on behalf of private creditors, said in an e-mailed statement in Athens yesterday.

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