IDB's debt woes are much less a tangle than it seems
Why not let the bondholders trade the debt for equity and let the banks remain as creditors?
Nochi Dankner on Sunday won a reprieve on handing over control of his IDB Development Corporation to its creditors. Judge Eitan Orenstin of the Tel Aviv District Court effectively gave him two months to get IDB's finances in order by selling Clal Insurance, thereby giving him some breathing space.
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