Greece unveils details of bond swap advisers' pay

Greece unveiled details of payments to its two main debt restructuring advisers late on Wednesday to knock down a local website report that they had received 74 million euros.

Greece averted the immediate threat of an uncontrolled default earlier this month after a large majority of private creditors agreed to a bond swap deal that cut its public debt by about 100 billion euros.

Holders of bonds with a face value of 197 billion euros either accepted voluntarily or were forced to take part in the deal. Up to 9 billion euros of additional bonds could sign up to the deal when a second deadline expires on Friday.

The finance ministry said Lazard Freres is being paid 0.015% of the face amount of the bonds swapped, with its compensation capped at 25 million euros. ($32.98 million)

Law firm Cleary Gottlieb Steen & Hamilton, Greece's legal adviser, has been paid about 6.52 million euros so far, the ministry added, without making clear if it would receive any additional payments in the future.

"The 74 million-euro total mentioned in the report is totally inaccurate," the finance ministry said in a statement in response to a report published on the website of weekly newspaper Proto Thema.

The closing agents of the bond swap received 4 million euros, the ministry said without identifying them.

Greece's Public Debt Management Agency named Deutsche Bank and HSBC as closing agents of the deal in a statement released earlier this month.