IDB seeks to stretch out debt repayment 15 years
NIS 1.7 billion at stake, bondholders react with anger at offer by Nochi Dankner's holding company.
For the first time since it acknowledged it couldn't repay its debt last September and opened talks with creditors, IDB Holding Corporation has unveiled a plan to restructure its bond debt. The company seeks to stretch out repayments by as much as 15 years in return for a NIS 180 million payment up front.
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