[Reuters] IIF sees large-scale take-up if Greek deal reached
ZURICH, Jan 24 (Reuters) - Greece's private creditors
have put their offer on the table and are confident of a
large-scale uptake from bondholders if a voluntary agreement can
be reached, the chief negotiator of the group leading Greece's
private sector talks said on Tuesday.
Athens needs a deal on the plan, meant to cut 100 billion
euros from its debt burden of over 350 billion, in coming days
to stay afloat when a major debt redemption falls due in March.
"If we can reach a voluntary agreement I feel quite
confident about large scale participation," said Charles
Dallara, who negotiates in the name of private bondholders
through the International Institute of Finance.
Dallara also said the IIF had not yet received any official
rejection of their offer.
Euro zone finance ministers rejected as insufficient an
offer made by private creditors to help restructure Greece's
debts, sending negotiators back to the drawing board and raising
the threat of Greek default.
Dallara declined to comment on whether private creditors
would back down on their demands for a four percent coupon.
"I don't want to comment. I think our position is clear."
Dallara will now go to Paris, bypassing the annual gathering
of global leaders at the World Economic Forum in Davos.
(Reporting by Caroline Copley and Katie Reid, editing by Mike
Peacock, Ron Askew)
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Keywords: GREECE CREDITORS/DALLARA