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Islamic Finance Briefing - Categorized | Bonds (Sukuk) more

Dana Gas’ sukuk seems more sure

Posted on 20 September 2012

Dana Gas, the Sharjah producer, is making progress on renegotiating a AED 3.37 billion ($920 mn) sukuk due next month and could soon begin receiving payments from regional concessions.
Fears of a default on the convertible Islamic bond maturing October 31 have pushed yields to 321.25 per cent. Crescent owns a fifth of Dana, and together they operate core concessions in Egypt and Iraqi Kurdistan………………………………………..Full Article: Source

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