Creditors OK Global Investment bond payment delay to June - Yahoo!

Kuwait's Global Investment House said on Wednesday bondholders have agreed to delay repayment of a 45 million dinar ($163 million) bond to next June from April.

The deferral of the bond repayment to June 10 from April 25
is to help Global in its talks with creditors regarding a wider
debt restructuring.

Global said in September that it had asked bank creditors to
delay principal repayments on debt due in December as part of a move to renegotiate a $1.7 billion restructuring agreement
signed in 2009.

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