The bond buyback, on which Greece is prepared to spend 10 billion euros, is subject to a financing agreement with the EFSF, which provides funding for it. Prices of bonds vary by maturity: 38.1c for 2023, 30.2 for 2042. Investors can sign up for the buyback until December 7, while the settlement is scheduled for December 17.
The debt swap plan plan is a part of the bailout package for Greece, agreed upon at the Eurogroup meeting last week. The release of the next, 44 billion euro aid for the indebted country depends on its successful completion.