Suny’s bondholders see blood

02.06.2012                      12.Siwan. 5772                      Nasso

Wirtschaft:

Suny's bondholders see blood

Ben-Dov's company has NIS 70m in debt coming due in January.

Holders of Suny Electronic's bonds convened Wednesday to set the stage for yet another debt arrangement in Israel's capital market.
The value of Suny's shares in Scailex Corporation, the security underpinning the bonds, have been cut by half over the last month alone in the battering suffered by the telecom sector….