Hungary NABI signs deal with creditors

Newswire

BUDAPEST, April 23 (Reuters) - Hungarian bus maker NABI said on Friday that it had signed an agreement with its creditors to restructure its $130 million debt. Under the agreement, NABI has cut its total debt by $12 million in the first quarter of this year and will repay a further $10 million by the end of the year. Out of its total debt, around $91 million worth of debt has been restructured into long-term debt expiring in 2006, and $16 million remained as short-term debt. Creditors ...

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