Schelling Believes Creditors will Agree EUR 7.8 Bln Conciliation Offer
Since the buyback offer for bonds of Hypo Alpe Adria bad bank Heta, with a guarantee of the province of Carinthia, extended by the province authorities, the poker game for Heta debts has begun. By 11 March two thirds of the deal have to be approved. Meanwhile a large creditor group declined the offer the same day it was announced.
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