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.

comments Print
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.