Beleaguered Turkish white-goods maker Vestel Elektronik is asking holders of its 2029 bonds to back a restructuring under which they can choose to take a 45% haircut or extend the debt by six years.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-10-20/vestel-offers-45-haircut-or-six-year-extension-on-2029-bonds)