There are fair chances that Greece may buy back bonds at reduced prices in order to shove off some of its debt load, as per reports. For the same, it's likely to extend the debt buyback for an extra day so that it can receive all extra offers from the bondholders.

As of now, Greece has managed to get 26-27 billion euros in offers and is likely to open the books to grab some 3-4 billion more from Greek banks, which have apparently agreed for the bonds with a face value of about 30 billion euros. However, it's not yet clear as to how many of their bonds they are willing to exchange, though their boards have given them a green signal to offer minimum 100 percent of lenders' bondholdings in case it is required.

As soon as Greece reaches its agreed amount of a buyback of sovereign debt, it would be able to get the much awaited financial aid from the International Monetary Fund and the European Union, as per a Greek government official.

"I believe that by Monday or Tuesday, I will be able to say with great certainty that things went very well", said the Greek Prime Minister, Antonis Samaras, while showing extreme satisafaction over the entire process, in a visit to Munich, Germany.