Fri, Aug 1, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Investment Dar’s debt deal may help Sukuk

Posted on 17 February 2011

From Arabianbusiness.com: Investment Dar Co’s agreement to change Shariah-compliant debt terms last week may help revive sukuk sales after their 2010 tumble. The Kuwaiti owner of half of Aston Martin Lagonda reached an accord with creditors to pay KD1bn ($3.6bn) of Islamic bonds and loans over as long as eight years.
The company’s debt climbed to a bid price of 38 cents on the dollar from 33 cents before the agreement was reached, according to London-based investment bank Exotix Ltd. Moody’s Investors Service says the case sets a “good precedent” for Islamic bond restructurings worldwide……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed
 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

August 2014
M T W T F S S
« May    
 123
45678910
11121314151617
18192021222324
25262728293031