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Story summary
- Creditors are evaluating a proposal to swap $2.6 billion of GDP-linked debt for new bonds and up to $180 million in cash.
- The Ad Hoc Group of warrantholders says key terms must be resolved before backing the plan.
- Citi notes the new 'C' bonds offer better terms and could attract many holders.
- A second voting is scheduled for December 22, and 75% of warrant holders must support the deal.
