The UAE company Dana Gas, whose share price has dropped sharply on doubt over its ability to meet debt obligations, has hinted it will seek to refinance its troublesome US$1bn (Dh3.67bn) sukuk.
The gas producer based in Sharjah released strong first-quarter results and used the occasion finally to address concerns over the bond, which matures at the end of October.“The Company is committed to finding a consensual solution that is equitable to all stakeholders,” Dana said………………………………………..Full Article: Source