Since 2020, the IL Fund has been undergoing a winding-up process, with the government working to create conditions that would allow for the fund’s dissolution. A proposal for the settlement of HFF bonds was presented to creditors earlier this year and received majority approval from bondholders, which also bound all holders to the agreement to exchange HFF bonds and other assets. Through this settlement, approximately 97% of the fund’s debt was resolved. Bondholders of other liabilities were subsequently i ...