Wow Air bondholders have agreed to convert their debt into equity in the beleaguered low-cost carrier. The approval is part of Wow Air’s latest restructuring attempt, which it says involves raising funds from investors to secure its “long-term sustainability”. Bloomberg shows BNY Mellon, Forte Fondsforvaltning, Hansainvest Hanseatische Investment and Universal Investment hold Wow Air bonds. […]
Source: http://www.ncairways.co/aviation/wow-air-bondholders-back-restructuring-plan/
Tuesday, 26 March 2019
Wow Air bondholders back restructuring plan
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