Greece is expected to exclude yen-denominated samurai bonds held by investors in Japan from its plan to ease its debt crisis, sources said Friday.
Principal and interest payments may be guaranteed for the five 20-year samurai bond issues worth ¥108.7 billion placed by the Greek government and the Greek national railway from 1995 to 1996.
The Greek Ministry of Finance on its website has outlined its plan to reduce the value of government bonds effectively by more than 70 percent, whiling excluding samurai bonds held by investors in Japan.
But samurai bond holders outside Japan may be required to exchange their holdings with lower-valued government bonds.