Austria 's parliament is expected to pass a bill today to implement a settlement with Bavaria , the former owner of Hype ##n AG , by paying € 1.23bn ( $ 1.4bn ) , or 45 % of Bavaria 's debt , as well as paving the way for federal loans to help the Alpe Adria 's home province of Carinthia pay investors , by buying back debt . However , a group of creditors with over € 2.5bn ( $ 2.9bn ) against Austria 's bad bank , Heta , originally Hypo Alpe Adria , have opposed the law , and say they are fighting the plan .
Austria's parliament is expecting to pass a bill today to implement a settlement with Bavaria, the former owner of Hype Alpe Adria, by paying €1.23bn ($1.4bn), or 45% of Bavaria's claims, as well as paving the way for federal loans to help Hypo Alpe Adria's home province of Carinthia pay investors, by buying back debt. However, a group of creditors representing over €2.5bn ($2.9bn) against Austria's bad bank, Heta, originally Hypo Alpe Adria, have condemed the law, and say they are fighting the plan.