Sun, Apr 20, 2014
A A A
Welcome bhaimia
RSS

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

Dana hires Deutsche for problem Sukuk

Posted on 18 January 2012

Chavan BhogaitaDana Gas has appointed Deutsche Bank to advise on its $920 million convertible sukuk, three sources said, in a move to address investor concern over how it will repay the Islamic bond. The Gulf energy firm’s shares have been battered by fears it might struggle to honour the debt due in October.
A statement by the company earlier on Tuesday that it would meet its debt obligations and that it had hired an international adviser drew a muted response from investors………………………………………..Full Article: Source

 
Article link

This post was written by:

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


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
282930