02.11.2012 - Dana holds talks to amend $1 bln Sukuk terms
Dana Gas PJSC (DANA) said itís in talks with creditors to extend and amend the terms of about $1 billion in sukuk that matured yesterday as the United Arab Emirates fuel producerís third-quarter profit dropped 27 percent. The company, based in the U.A.E. emirate of Sharjah, hasnít paid the principal amount of $920 million or the accrued profit of $18.75 million, it said in a statement to the Abu Dhabi bourse today. The shares, which plunged 8.9 percent yesterday, gained 2.4 percent to 42 fils at 10:53 a.m. in the emirate...............................................Full Article: Source
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