Greece will extend a debt buyback that forms part of its international bailout for an extra day to receive additional offers from bondholders, a government official said on Monday.
Athens plans to buy back bonds with a face value of about 30 billion euros at deeply discounted prices to lower its debt load. A deadline for bondholders to submit offers expired on Friday. A Greek government official said on Saturday that Athens had received offers of about that sum.
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"There will be an official announcement later in the day," said the official on Monday on condition of anonymity.
According to Greek newspaper Ta Nea, Greece has received 26-27 billion euros in offers and will reopen the books to get about 3-4 billion more from Greek banks that are ready to provide the extra funding, Ta Nea said.
(Reporting by George Georgiopouos, writing by Harry Papachristou; Editing by John Stonestreet)