Prezzi OTC di venerdì: la chiusura in salita del marzo 2012 trova conferma anche OTC, con il close Xtrakter a 39,93.
Entrembi in risalita i più lunghi, con il 2037 a quota 22,00 ed il 2040 a 22,30.
L'interruzione dei negoziati PSI è imputata dal WSJ alla richiesta del FMI e della Germania di ridurre il coupon medio dei bond trentennali greci ricevuti da chi swappa verso valori più vicini al 3% medio (indicato originariamente dalla Germania), in quanto altrimenti il debito greco non sarebbe sostenibile.
Di qui l'esigenza di riaprire il negoziato. Se anche le banche dovessero accettare i nuovi termini, è difficile che la percentuale di adesione dei fondi speculativi migliori rispetto alle stime iniziali...
UPDATE: Greek Debt Talks Appear To Stall Saturday - WSJ.com
JANUARY 21, 2012, 9:59 A.M. ET
UPDATE: Greek Debt Talks Appear To Stall Saturday
--IIF Chief leaves Athens, Greek authorities say talks to continue by phone
--Hurdles remain over interest rate of new bonds
--Deal may not be ready in time for eurozone finance ministers meeting Monday
(adds comments from IIF spokesman, finance ministry, eurozone govt official, paragraphs one to six, seven to eight)
By Costas Paris and Stelios Bouras
Of DOW JONES NEWSWIRES
ATHENS (Dow Jones)--Talks between Greece and its private sector creditors over a debt writedown plan appeared to stall Saturday as the banks' top negotiator left Athens amid signs of fresh disagreements over how much Greece would pay its bondholders in the future.
Officials close to the talks said they may not conclude before a meeting Monday of euro-zone finance ministers where a second bailout which will keep Greece from defaulting is supposed to be discussed. Without a deal on the write-down of the debt held in private hands, the loan can't be released.
Institute of International Finance chief Charles Dallara, who has been negotiating with Greek officials on the bond swap plan for the last two days, left Athens Saturday as hurdles remained over the interest rate the new bonds would pay private sector creditors.
"Right now there are no talks. There will be consultations with the EU and the IMF to determine where we stand and then we'll see. It (negotiations) has again become complicated with the new demands over the coupon," said a person with direct knowledge of the talks.
IIF spokesman Frank Vogl said that Dallara had a personal engagement in Paris and had to leave but that a team remains in Athens. Dallara is not expected to return to the Greek capital over the weekend.
A Greek Finance Ministry official said the IIF chief will continue negotiations with Finance Minister Evangelos Venizelos by phone later Saturday.
The talks, which started up again this week after nearly breaking down a week earlier, come as Greece scrambles to put together a debt-restructuring plan ahead of a Monday meeting of euro-zone finance ministers in Brussels where the debt deal is expected to top the agenda.
However, this now appears unlikely.
"We may not be able to reach a deal before Monday's eurogroup. This is unfortunate because the finance ministers were supposed to have crucial talks on the (second) bailout loan provided there was a deal on the haircut," a senior eurozone government official said.
Reaching a deal with private creditors is a key precondition for Greece to receive a fresh, EUR130 billion bailout from its European partners and the International Monetary Fund.
The aim is for a voluntary restructuring of some EUR206 billion of debt Greece owes its private creditors by exchanging old bonds for new ones worth half the value. That would wipe out EUR100 billion worth of Greece's EUR360 billion debt pile--saving the country some EUR4 billion a year in interest payments--but forcing steep losses on bond holders.
The two sides appeared to be closing in on a deal that would give creditors new bonds paying a 3.5% coupon for shorter maturities and rising to a cap of 4.6% on longer-dated bonds. The average coupon would amount to around 4%
Earlier, people familiar with the matter said that the IMF and Germany don't believe Greece's debt would return to sustainable levels if the average coupon on the new bonds is around 4%, pushing for a lower coupon.
"We were discussing technical and legal issues having agreed in principle to an average coupon of 4%, but the IMF insists this won't be enough to bring (Greece's) debt back to sustainable levels," said another person with knowledge of the talks. This is the second intervention by Germany and the IMF in debt talks in the last eight days over the coupon rate.
