Mideast Bond Saga Set to End as Dana Reaches Deal With Creditors - Bloomberg:
"Almost a year of claims, counterclaims and litigation is beginning to wind down for Dana Gas PJSC bondholders, including BlackRock Inc. and Goldman Sachs Group Inc. The Sharjah, United Arab Emirates-based energy company reached a deal with its key bondholders on restructuring $700 million of sukuk, avoiding protracted litigation in two jurisdictions and ending a dispute that fixated the Islamic finance industry. A committee representing bondholders agreed on terms that offer two options to creditors, including one involving full repayment, the company said Sunday. Dana Gas and creditors also entered into an agreement to dismiss all pending litigation."
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