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UAE's Dana Gas shareholders approve sukuk restructuring - The Peninsula

Published: 23/04/2013 10:25:02 AM GMT
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Under the plan, the company will repay $70 million in cash, with the remaining $850 million split equally between two new five-year sukuk - an ordinary Islamic bond and a convertible sukuk - which will pay an average coupon of 8 percent. The new suku (more)

Under the plan, the company will repay $70 million in cash, with the remaining $850 million split equally between two new five-year sukuk - an ordinary Islamic bond and a convertible sukuk - which will pay an average coupon of 8 percent. The new sukuk ...

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