Vestel Offers 45% Haircut or Six-Year Extension on 2029 Bonds
Beleaguered Turkish white-goods maker Vestel Elektronik is asking holders of its 2029 bonds to back a restructuring under which they can choose to take a 45% haircut or extend the...
By Constantine Courcoulas and Kerim Karakaya · Bloomberg Markets
Beleaguered Turkish white-goods maker Vestel Elektronik is asking holders of its 2029 bonds to back a restructuring under which they can choose to take a 45% haircut or extend the debt by six years.