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

UAE’s Dana Gas seeks consensual deal on sukuk

Posted on 16 May 2012

Dana Gas Co said it wanted to find a consensual deal to repay the remainder of a $1 billion Islamic bond maturing in October, and confirmed it had hired advisers to weigh up various options for the repayment.
The Abu-Dhabi-listed natural gas producer’s share price has been battered by concerns over how it will find the cash to repay the outstanding $920 million of the sukuk, issued in 2007, on time and in full. Its stock has dropped 40 percent in the past year………………………………………..Full Article: Source

 
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