IDB bondholders in counter-offer to Dankner
Redemption would begin three years after signing, with annual payouts for seven years; IDB Holdings says they cannot accept deal as is but view it as an opening for negotiations.
Last week, IDB Holdings, controlled by Nochi Dankner, offered its bondholders a debt restructuring scheme that involved a ‘trim’ amounting to NIS 500-600 million. Bondholders’ representatives, from Excellence, Harel Pia and Gilad Pension Funds, have now come back with their counter-offer.
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