Bondholders Present Plan to Take Control IDB Development

Presenting their debt-recovery plan for Nochi Dankner’s IDB Development Corporation in Tel Aviv District Court, bondholders said they sought to convert close to NIS 3.4 billion of the holding company’s NIS 6 billion debt to equity.

Presenting their debt-recovery plan for Nochi Dankner’s IDB Development Corporation in Tel Aviv District Court Sunday, bondholders said they sought to convert close to NIS 3.4 billion of the holding company’s NIS 6 billion debt to equity.