Dana Gas Moves Forward On Sukuk Restructuring
By Melanie Lovatt
UAE-based independent Dana Gas has made progress on the restructuring of its $1bn Sukuk. It raised concerns when it missed an end October deadline on repayment of the outstanding $920mn, but has now reached an “in-principle” agreement with creditors, the company said on 7 November. These are an ad hoc committee of Sukuk holders which hold the majority of the debt. The biggest creditors...
Please log in to read the rest of this story.
You may purchase access to entire MEES digital archives by subscribing. This subscription gives you access to all the content of MEES digital archives up to 1978!