PSI

Greece's government got about 85 percent of bondholders to tender their holdings of the country's debt for new securities in the biggest restructuring in history, a banking official said. Preliminary indications after the deadline for the swap expired at 10...

The Greek government will announce early Friday the results of investors' participation in the country's ambitious debt restructuring plan, known as the Private Sector Involvement, or PSI, a person close to the finance ministry said Thursday. An announcement will be...

ATHENS – Greece will know by the end of March 8 if enough private investors have agreed to accept losses of 74 percent as part of a so-called Private Sector Involvement (PSI) deal designed to wipe out $13I) deal...

Five small Greek pension funds have declared their opposition to a huge debt write down, which was designed to prevent a sovereign default and that has been accepted by several global banks, Greek media reported on Wednesday. The five funds,...

ATHENS – Greek Finance Minister Evangelos Venizelos, drawing a line in the sand, has told private investors in Greek bonds who don’t want to take losses as part of ongoing Private Sector Involvement (PSI) negotiation that they will be...

ATHENS – With international lenders continuing to withhold aid until the Greek Parliament ratifies austerity measures agreed on by the country’s shaky coalition government, Finance Minister Evangelos Venizelos said the country now has to decide whether it wants to...

ATHENS – Just as Greece is seeking a second bailout to keep its economy from failing and defaulting on its loans under the weight of a staggering $460 billion debt - $41,818 for every man, woman and child in...

Deutsche Bank AG Chief Executive Officer Josef Ackermann said he’s confident a voluntary swap for Greek debt can be reached and that he may travel to Athens this weekend for the talks. Private creditors are facing a loss in net...

Marathon negotiations between Greece and private creditors on a debt swap deal appeared to be in their final phase on Saturday, with Greek Finance Minister Evangelos Venizelos saying both sides were one step away from reaching an agreement. Prime Minister...

Time is running out to finalize a prescribed agreement that sees private creditors taking a 50% loss on their Greek sovereign debt holdings to help ease the ailing country's fiscal burden, the bondholders' chief representative said Tuesday. Charles Dallara, managing...