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Heta creditors in lock-up agreement still reject bond buyback offer
March 9, 2016 / 7:23 AM / 2 years ago

Heta creditors in lock-up agreement still reject bond buyback offer

VIENNA, March 9 (Reuters) - Creditors of Austrian “bad bank” Heta, who say they control more than 5 billion euros ($5.5 billion) of its bonds, on Wednesday again rejected a discounted buyback offer which runs out on Friday.

The umbrella group said it would not cancel a lock-up agreement which binds all its members to reject any buyback offer for less than the nominal value of the bonds.

$1 = 0.9113 euros Reporting by Shadia Nasralla; editing by David Clarke

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