Heta Creditors Said to Seek Backers for Offer in Debt Stalemate

  • Group of bondholders propose to accept 92% of face value
  • Offer may win two-thirds majority of creditors, person says

A group of Heta Asset Resolution AG creditors plans to make an offer to Austrian authorities that would accept a payout below par for the “bad bank’s” state-guaranteed debt, according to a person familiar with the bid.

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