Abu Dhabi-listed Dana reached an agreement with creditors to amend terms of a $920 million Islamic bond. Crescent Petroleum, the biggest shareholder in Dana Gas, said the terms of Dana’s planned $920 million debt restructuring deal are fair and protect shareholders.
Crescent Chief Executive Majid Jafar, who is also a board member of Dana, described the deal as “an optimum balance to serve interests of all stakeholders”………………………………………..Full Article: Source