ATHENS, Dec 14 (Reuters) – Greece accepted bonds price 2.9 billion euros ($3.28 billion) in a debt change provide for excellent authorities securities expiring in 2023 to 2042, its debt company stated on Tuesday.

The quantity accounts for 72% of the entire principal quantity of excellent securities that have been provided for change or money, the debt company stated, citing preliminary outcomes of the provide.

The transfer focused bonds of about 4 billion euros that have been issued underneath a earlier debt writedown in 2012 and have been primarily held by retail buyers who had not accepted the same change provide in 2017.

Greece provided to change excellent bonds maturing from 2023 via to 2042, with new points of two% bonds expiring in April 2027, 3.9% bonds maturing in 2033, 4.0% bonds in 2037 and 4.2% bonds in 2042. learn extra

“The transfer will add liquidity in particular components of the yield curb and lengthen the common maturity of Greek debt,” a finance ministry official advised Reuters.

The provide expired on Dec. 10 and the settlement date is anticipated on Dec. 17. Ultimate outcomes of the debt swap are anticipated on Dec. 14, the company stated.

($1 = 0.8839 euros)

Reporting by Lefteris Papadimas; Writing by Angeliki Koutantou, enhancing by Ed Osmond

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