image description
image description
Tell A Friend

FinancialNews


  • 24-09-17

    UK to commence USD700mn sukuk trial without Dana Gas

    (MENAFN) London High Court trial started USD700mn Islamic bond without Dana Gas, a UAE-based energy firm.

    Meanwhile, a civil trail between both sides was due to open in the High Court but was delayed after three shareholders obtained a last-minute injunction from a UAE court preventing the London trial going ahead.

    Furthermore, the case is being watched by the market because it could set a precedent for other Sukuk issuers to refuse to redeem their bonds.

    Additionally, Dana Gas has been in a legal battle with bondholders after it refused an offer by creditors to restructure USD700mn of the debt.

    MENAFN2409201700450000ID1095890643

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved