07.11.2012 - Dana Gas asks holders for decision after sukuk miss
Dana Gas, a natural gas producer based in the United Arab Emirates, formally ackowledged on Monday that it had failed to redeem a $920 million Islamic bond and asked holders of the sukuk to decide on their course of action. Privately-owned Dana, headquartered in the emirate of Sharjah, did not repay the five-year sukuk on maturity last Wednesday, becoming the first UAE company to miss a bond redemption...............................................Full Article: Source
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