Get unlimited access to Bruins cup coverage - Just 99¢

The Boston Globe

Business

Boston.com

Greece extends deadline for swap of bonds

Holders to lose more than half of face value on $38.3b in securities

Associated Press

  March 24, 2012

Greece’s finance ministry on Friday extended the deadline for holders of Greek bonds issued under foreign law or by state enterprises to agree to swap them with new securities worth less than half their original value. The exchange will complete the biggest debt writedown in history, relieving the crisis-hit country of just over half its €205 billion ($271.5 billion) pile of debt held by banks, pension funds and other private investors.

Stay with the story. Get full access to BostonGlobe.com for just 99¢

Unlimited access to BostonGlobe.com for only 99¢ for the first 4 weeks. You can cancel at any time.

  • The FULL story all day: Enjoy all of the high-quality, in-depth journalism in the print edition of the Boston Globe — plus breaking news that's updated 24/7.
  • A truly reader-friendly format: It's online news that looks and reads just like the newspaper — uncluttered, uninterrupted.
  • Breakthrough technology: The responsive design automatically adapts content so it always reads perfectly on the digital device of your choice.
Get started today

Free access for home delivery subscribers.

Just need to link your home delivery account; one easy step.

Link my home delivery account

BostonGlobe.comSubscriber Log In

Contact us for help

  • Phone

    888-MY-GLOBE

    Monday-Friday 6:00 a.m.- 5:00 p.m.

    Saturday, Sunday and Holidays 7:30 a.m.- 12:00 noon

  • Chat

    Start a chat

    Monday-Sunday 8:00 a.m.- 5:00 p.m.

  • E-mail

    support@bostonglobe.com