Debt crisis and Greek bond swap: live 85.8pc of bondholder support debt swap - Greek government • Collective Action Clauses triggered, raises participation to 95.7pc • ECB will accept Greek government bonds as collateral • Venizelos to hold 11am conference on debt swap 06.05 The deadline for acceptance of the offer for bonds governed by international law and for state-guaranteed bonds issued by public companies has been extended to March 23. 06.03 Participation in the bond swap will rise to 95.7pc after Greece triggers Collective Action Clauses on those who did not accept to offer, which will forces investors to take loss of as much as 74pc.. 06.02 Greece says €172bn of bond were tendered in bond swap. Greece says 69pc of non-Greek bond holders participated and the country says it has received tenders for €152bn under Greek law. The Greek government says 85.8pc of bondholders have accepted bond swap offer 05.59 For a bit of background on the Greek debt swap before we get the results it's worth looking at Louise Armitstead's story, Greece in last ditch scramble to avoid default. 05.58 Good morning and welcome back to our live coverage of the eurozone debt crisis. The main story today will be the Greek debt swap, with news expected soon on how many investors willingly agreed to take a haircut before the 8pm deadline last night. We're expecting preliminary results any minute now, as well as a press conference from Evangelos Venizelos in Athens at 11am GMT.