Macro Finance
Vestel Offers 45% Haircut or Six-Year Extension on 2029 Bonds
Bloomberg Markets·October 20, 2026·1 min read
Beleaguered Turkish white-goods maker Vestel Elektronik is asking holders of its 2029 bonds to back a restructuring, offering a 45% haircut or a six-year extension. The proposal aims to ease debt pressure amid financial difficulties. Bondholders must choose between accepting a significant loss or extending their investment horizon.
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