The Greek government's deadline for the biggest sovereignrestructuring in history approached with a majority of investorssignaling their readiness to participate in the debt swap.

The euro and stocks gained before the offer's close at 10 p.m.in Athens today as Greek Prime Minister Lucas Papademos told hisCabinet ministers that Greece had made “an appropriate frameworkwith significant incentives” for bondholders.

“For this reason I look forward to the maximum possibleparticipation of the private sector,” Papademos said, according toan e-mailed transcript of his comments. Finance Minister EvangelosVenizelos told Parliament that “a historic process will becompleted tonight,” and the results announced tomorrow.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.