Dana Gas PJSC (DANA) hired Blackstone Group LP, the world’s largest private-equity firm, to advise on the $1 billion restructuring of Islamic bonds maturing in October, three people familiar with the matter said.

Deutsche Bank AG (DBK) is also advising the company, two people with knowledge of the matter said in January. Dana Gas, whose parent Crescent Petroleum Co. owns 3 percent of Hungarian refiner Mol Nyrt., (MOL) said Jan. 17 it would continue to meet debt obligations and appointed an unidentified financial adviser………………………………………..Full Article: Source