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Kuwait’s Global eyes second restructuring of $1.7bln debt

Posted on 13 December 2011

Creditors of Kuwait’s Global Investment House have agreed to delay repayment of the principal of their debt to the middle of next year, the company said on Monday, so it can undertake a second restructuring.
Global, which is battling tough market conditions, also said in a statement that all creditors had agreed to delay an increase in interest payments to the same date, June 10 2012………………………………………..Full Article: Source

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