In March 2012, Greece's private sector involvement (PSI) exchange swapped about €197 billion of privately held government bonds for new debt with a roughly 53.5% face-value haircut, the largest sovereign debt restructuring in history. It cut Greece's debt by more than €100 billion during the eurozone crisis.
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In March 2012, Greece's private sector involvement (PSI) exchange swapped about €197 billion of privately held government bonds for new debt with a roughly 53.5% face-value haircut, the largest sovereign debt restructuring in history. It cut Greece's debt by more than €100 billion during the eurozone crisis.
The face value of privately held government debt exchanged in the largest sovereign debt restructuring.
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Limits Registry. LR-LARGEST-SOVEREIGN-DEBT-RESTRUCTURING. Largest sovereign debt restructuring. 2026.