27.07.2010 - Kuwait's IIG defaults on $152.5mln sukuk
From Arabianbusiness.com: Kuwait's International Investment Group (IIG) said it was unable to make a $152.5 million Islamic bond payment, its second default this year, and named KPMG as its advisor to look at restructuring options. IIG said on Monday its payment on the Islamic bond, or sukuk, had been scheduled for July 12..............................................Full Article: Source
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