IDB Holding Offers New Debt Rescheduling Proposal to Bondholders

The proposal would give the bondholders NIS 350 million up front in cash to be distributed − based on the agreement of bondholder representatives − to holders of all of the series of IDB Holding bonds.

Nochi Dankner’s IDB Holding Corp., which owes its bondholders NIS 1.75 billion and its banks another NIS 300 million, proposed a new deal to bondholders at the end of last week.