Roll over and extend the maturity of at least Euro 1 billion of domestic debt held by residents through a voluntary debt exchange covering maturities falling due in 2013-15 and roll over the Euro 1.9 billion recapitalization bond of CPB.
Introduced at R0. Objective: strengthen fiscal institutions, reduce fiscal risks and protect vulnerable groups. At R1, completed on July 1, 2013. The closing date for the exchange was set on July 1, as the deadline of June 30 fell on a weekend.