Turkey’s Vestel Said to Start Work on Dollar Bond Restructuring
AI Summary
Turkey’s Vestel Elektronik is engaged in negotiations with financial and legal advisers and bondholders to restructure its dollar bonds. The company is also seeking to renegotiate loan terms with local banks.
Turkey’s Vestel Elektronik is working with financial and legal advisers and is meeting bondholders to discuss a restructuring, while also renegotiating its loans with local banks.