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Finance & Markets

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 debt by six years.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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SEC clears Aznar Shipping IPO

The Securities and Exchange Commission has approved what could be the country’s second and final initial public offering for 2027, involving Cebu-based shipping operator Aznar Shipping Corp.

More from Tuesday 20 October →