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Sunday, 28 August 2016

Dana Gas May Seek to Roll Over Part of $700 Million Islamic Bond - Bloomberg

Dana Gas May Seek to Roll Over Part of $700 Million Islamic Bond - Bloomberg:

"Dana Gas PJSC, a producer of natural gas in Egypt, Iraq and the United Arab Emirates, may seek to roll over part of the $700 million Islamic bonds maturing next year, the chief executive officer said.
The company, which has about $344 million in cash, is in discussions with lenders about its future debt mix, Patrick Allman-Ward said in an interview on Bloomberg Television Sunday.
“We are looking at different ways in which we can go forward and structure our debt,” Allman-Ward said. “Clearly part of that is going to involve buying back a lot of the sukuk and part of that is going to have to be a discussion around rolling over the remaining amount in future.”"



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