Investors agree coupon on new Greek bonds to start at lower
Private investors agreed on Tuesday that the coupon on new, 30-year Greek bonds that will replace existing paper under a debt swap will start from a lower level than previously discussed and rise in stages, a euro zone official said.
Greece formally launched a bond swap offer to private holders of its bonds on Friday, setting in motion the largest-ever sovereign debt restructuring in the hope of getting its messy finances back on track.