Overview
- Investors approved a package that gives Vesteda short-term breathing room after requests to withdraw €4.1 billion from its housing fund.
- The deadline for investors to lower or cancel their redemption instructions moved from 20 April to 1 July.
- A rule to execute part of payouts within 18 months was replaced with a best‑efforts promise, which lowers immediate cash needs.
- The timetable for full repayment stretched to 60 months from 36 months, spreading cash outflows over five years.
- Bondholders did not support curbs on their right to demand repayment, which could still trigger loan calls and force sales of homes.