Greek official: bond deal could come next week - WAOW - Newsline 9, Wausau News, Weather, Sports

Greek official: bond deal could come next week

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ATHENS, Greece (AP) -- A senior Greek finance ministry official says the country could have a deal with private bondholders in a critical debt swap by the end of next week.

The official said Thursday that the formal public offer could come at the beginning of February. The official spoke on condition of anonymity because of the sensitivity of the talks.

Greece is seeking to quickly finalize the deal for private creditors to take a voluntary 50 percent reduction in the value of their Greek bond holdings. Time is pressing, as the debt-stricken country faces a major bond redemption of euro14.5 billion ($18.47 billion) in late March.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

APNP-01-12-12 1201CST

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