IDB, Psagot Snipe Over Investor Rights

The IDB Holding bonholders committee asked the company to ensure that the cash for a NIS 65 million payment due on its series B4 bonds in December comes from outside sources.

The gloves are off in a growing disagreement between the IDB group, a massive bond issuer, and Psagot Investment House, a heavy bond-buyer and which represents bondholders.