The distressed country said that private holders of Greek debt have a deadline of Friday, December 7, to register their interest in participating in the buy-back program, which will be completed by December 17.
 
The buy-back will be conducted as a Dutch auction in which prices start out high, then decline.
 
There are 20 series of outstanding bonds eligible for the program and the bonds will command different prices based on maturity.
 
The minimum price range will be between 30.2% and 38.1% of a bond’s value with a maximum range of between 32.2% and 40.1%.
 
The buy-back is part of the deal reached last week that enabled the next installment of aid—€44 billion—to be released to Greece.

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