IIF BANK GROUP PROPOSES EXCHANGE OF GREEK DEBT MATURING TILL END-2019 INTO 30-YEAR BONDS -EURO ZONE DOCUMENT
IIF SCHEME REQUIRES CREDIT ENHANCEMENTS, BOND BUYBACK AS PART OF DEAL

IIF DEBT EXCHANGE, AFTER COSTS OF CREDIT ENHANCEMENT, DEBT BUYBACK, WOULD CONTRIBUTE 17 BLN EUROS TO GREEK BAILOUT BY MID-2014
IIF DEBT EXCHANGE WOULD LEAVE 71 BLN EUROS OF SECOND GREEK BAILOUT TO BE FINANCED BY EURO ZONE, IMF
IIF PLAN WOULD "ALMOST CERTAINLY" RESULT IN SELECTIVE DEFAULT FOR GREECE

COST OF RECAPITALISING GREEK BANKS ESTIMATED AT TOTAL OF 25 BLN EUROS