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Islamic Finance Briefing - Categorized | Finance, Financial Instruments (Credit Cards, Debts, Loans, Mort more

LMH completes $331.6 mln debt restructuring deal for FIC

Posted on 06 April 2011

Liquidity Management House (LMH), serving as structuring advisor on behalf of six Kuwait banking institutions, has successfully completed a KWD 92 million ($331.6 million) debt restructuring of First Investment Company (FIC).
Al Tamimi & Company’s Kuwait office served as lead counsel on behalf of the creditors. The deal, between FIC and its creditors, which was made on 20 February 2011, was a unique Sukuk Al Wakala transaction for the purpose of restructuring the debt of FIC……………………………………..Full Article: Source

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