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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

 
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