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Report: 95% of Heta Asset debt holders accept buyback
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Thediscounted buyback offer of HetaAsset Resolution AG can now proceed with some 95% of debt holdersaccepting the offer, Reuters reported Oct. 6, citing officials of Carinthia,Austria.
Under thebuyback offer for €11billion in debt, senior bondholders are expected to recoup 90% of their bonds'face value and junior bondholders to fetch 45%.