The euro zone's temporary bailout fund, the European Financial Stability Facility (EFSF), will contribute 109.1 billion euros ($142.60 billion) to the second Greek bailout after covering the costs of the Greek debt swap, the EFSF's chief executive Klaus Regling said.
The International Monetary Fund (IMF) will contribute 28 billion euros on top of the 109.1 billion, which the Fund will pay to Greece over four years, rather than the three years envisaged in the euro zone financing plan.
The 109.1 billion figure includes 48 billion euros that the EFSF will provide, in the form of its own bonds, to recapitalise Greek banks, over the next few weeks, Regling told several international news agencies.
"That means 61 billion euros is left for normal programme financing," he said in comments for release on Friday.
The EFSF figure does not include the 30 billion euros that the euro zone has provided as a sweetener for investors in the privately held debt restructuring, or the 5.5 billion euros of repayment of accrued interest.
Investors holding Greek bonds issued under international law have until March 23 to accept or reject a debt swap offer already widely accepted by those holding Greek-law bonds.
The EFSF, which has a total lending capacity of 440 billion euros thanks to guarantees from euro zone governments, has issued 6-month bills worth 4.6 billion euros to repay accrued interest on Greek debt out of the 5.5-billion-euro total.
If holders of Greek debt under international law decide to accept the debt swap too, they will get the remaining 900 million euros.
The second bailout for Greece, financed by the EFSF, comes on top of the fund's commitments to Ireland and Portugal, the two other euro zone countries that have been cut off from the markets and need euro zone loans to avoid bankruptcy.
"Overall the EFSF has committed 192 billion euros for the three programmes of Ireland, Portugal and Greece. This leaves 248 billion euros of uncommitted resources," Regling said.
Under a preliminary funding plan, which is subject to market conditions, the EFSF expects to raise a total of 8.1 billion euros for Ireland in 2012 and 2 billion euros in 2013.
For Portugal, the EFSF wants to raise 13.9 billion euros in 2012, 3.6 billion euros in 2013 and 1.7 billion euros in 2014.
To service the Greek programme, the EFSF's preliminary funding plan envisages 32.2 billion euros in 2012, 32.3 billion euros in 2013 and 32.1 billion euros in 2014.
Next week, the fund may issue its longest bond so far of between 20 and 30 years in maturity in an auction of 1-to-1.5 billion euros, depending on market conditions.
The EFSF also plans to sell 2 billion euros' worth of 6-month bills on March 20 and is considering the sale of a benchmark 5-year bond on March 22.
