Kuwait's Global Investment House is expected to receive approval on Thursday to delay the repayment of bonds worth 95 million dinars ($338.6 million) to November from June, two sources familiar with the matter said.
"Bondholders have verbally agreed to the extension. The Thursday meeting will make it official," one banker, who asked not to be named, said.
Global, which counts the governments of Kuwait and Dubai as major shareholders, said it would meet holders of bonds worth 50 million dinars and 45 million dinars on June 7 in "continuation of its debt restructuring discussions and negotiations," according to a May 28 filing to the London stock exchange.
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