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Kuwait’s IIG says agreed with most Sukuk holders

Posted on 27 March 2012

Kuwait’s troubled Islamic investment firm International Investment Group(IIG) said on Monday it had reached an agreement in principle with most of its creditors on the main terms of its plan to restructure its $200 million exchangeable sukuk.
Negotiations are continuing with the remaining creditors, the company said in a statement. A company official contacted by Reuters, who declined to be named, said he could not elaborate on the terms or on the time frame for reaching a full agreement………………………………………..Full Article: Source

 
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