Dana to discuss sukuk restructuring

Dana to discuss sukuk restructuring
One of Dana's projects in Iraq (Photo Credit: Company Website)
Dana Gas DANA 0.00% 1.06 0.00

Dubai – Mubasher: Dana Gas will start discussions over restructuring with sukuk holders dated 8 May 2013.

The sukuk matures on 31 October 2017, according to a statement.

Dana will take into account the issues it is facing over cash collections and the need to focus on cash preservation on the short- to medium-term.

Egypt and the Kurdistan Region of Iraq (KRI) have arrears worth around $1 billion owed to the company.

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Source: Mubasher