The restructuring of the debt âappears increasingly likely as the October 2012 maturity draws closer while cash collections remain weak,â Riyadh-based analyst John Tottie wrote in note to investors dated Jan. 30. âA resolution to liquidity woes should help re-focus attention on attractive asset value,â including Northern Iraq, he said.
To contact the reporter on this story: Dana El Baltaji in Dubai at delbaltaji@bloomberg.net
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