16.11.2009 - Saad Trading says sukuk issuer unable to meet payment
From Reuters: Saad Trading, Contracting & Financial Services on Sunday said the Golden Belt 1 Sukuk Company was unable to make a periodic payment as scheduled on a $650 million sukuk due in 2012. Saad Trading, Contracting & Financial Services said in a statement posted on the Bahrain stock exchange that "due to matters beyond its control, it is currently impossible for the issuer to perform its payment obligations under the sukuk.".........................Full Article: Source
Print