Kuwait's Global Investment House said on Saturday it has completed repayment of first year commitments under a restructuring plan for a 1.725-billion-dollar debt.
The agreement, signed by Global a year ago, requires the company to repay 10 percent of the principal debt, or 172.5 million dollars, in the first year, besides interest.
'The company has now repaid a total of 178.3 million dollars which is 5.8 million dollars in excess of the agreed repayments due in the first year,' Global said in a statement.
No comments:
Post a Comment