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. Last Updated: 07/27/2016

Africa Israel Pays Back Debt

Africa Israel Investments paid back 63 million shekels ($17 million) in loans due in 2014 to Israeli banks over the last few months, TheMarker reported, without saying how it got the information.

Africa Israel, one of Moscow’s biggest developers, said last week that it would try to restructure its debt, raising concerns that it might not redeem 500 million shekels of bonds due in November, it said.