German lenders should write off half of bonds from Austria's Heta

April 10, 2015 2:16 PM

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FRANKFURT, April 10 (Reuters) - German lenders should prepare to write off at least half the value of the bonds they hold in Austrian 'bad bank' Heta Asset Resolution AG, a Bundesbank board member said in an interview published on Friday.

"I think this situation has to be taken seriously by the German banks," Andreas Dombret told news agency Bloomberg in an interview in Johannesburg, where he addressed the local chamber of commerce.

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