Heta Creditor Group Says Ready to Restructure Carinthia Debt

Updated on
  • Creditors say claim becomes affordable with 30-year extension
  • Group with 2.5 billion euros in bonds sees planned tender fail

Austrian bad bank Heta Asset Resolution AG’s biggest creditor group is ready to restructure state guarantees of as much as 11 billion euros ($11.7 billion) in bonds as long as the debt is repaid in full.

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