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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Compliance, Tax, Legal, Regulatory more

Gulf Finance says obtains approval for Sukuk restructuring

Posted on 21 May 2012

Gulf Finance House (GFH), a Bahraini investment bank implementing a recapitalization plan, said it obtained approval from sukuk holders to restructure $110 million of debt.
Holders of the Islamic bonds agreed to extend the maturity to June 2018, with a two-year grace period for the principal repayment amount in 2012 and 2013, the lender said……………………………………….Full Article: Source

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