How his IDB Holding Corporation will repay NIS 2 billion over the next 14 years.
Bondholders apparently will get 15% of company's stock; not clear whether Argentine rescuer will come through.
Real-estate developer Moti Zisser owes NIS 1 billion to Bank Hapoalim; the liquidation of his palatial home could go some way to settling the debt, but the bank will have to stand in line.
IDB Development Corporation took another step to generating cash on yesterday, selling its remaining 10.6% stake in Clal Industries.
Move contrasts Bank Leumi's write off of debt from magnate's Israeli company.
Real-estate mogul owes banks millions after Elbit Imaging stock value plummeted
Azorim announced last week it completed a NIS 250 million rights issue to shareholders led by Leumi Partners Underwriters.
Eyal Lapidot, one of the highest-paid managers in Israel, shells out NIS 400,000 for a new set of wheels.
After several hard years, its American operations are generating big cash and profits, but boss Dudi Weissman remains cautious.
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.