Arab Today, arab today dana gas to hire linklaters for debt deal
Last Updated : GMT 09:19:15
Arab Today, arab today
Arab Today, arab today

Dana Gas to hire Linklaters for debt deal

Arab Today, arab today

Arab Today, arab today Dana Gas to hire Linklaters for debt deal

Abu Dhabi - Arabstoday

Investors in Dana Gas’s US$1bn Islamic bonds hired Linklaters to help negotiate the restructuring of the debt due in October, three people familiar with the matter said. The London-based law firm was hired last month, according to the people who declined to be identified because the information is private. Linklaters declined to comment when contacted today and the outside public relations company for Dana Gas did not respond to questions sent yesterday. The company, whose CEO plans to retire this year, hired Blackstone Group to advise on restructuring the Islamic bonds, three people familiar with the matter said in April. Deutsche Bank is also advising Dana Gas, two people with knowledge of the matter said in January. The yield on its 7.5 percent sukuk climbed 33 percentage points so far this year to 70.7 percent at 4:35 pm in Dubai. While the Sharjah, UAE-based company, which produces and explores for oil and gas in Egypt and Iraq’s Kurdish region, has said it will repay the sukuk, investors haven’t been informed how the company plans to do so, Atul Gharde, a Hong Kong-based credit analyst at SJS Markets, said today. Dana Gas, whose parent Crescent Petroleum owns 3 percent of Hungarian refiner Mol, said January 17 it would continue to meet debt obligations and appointed an unidentified financial adviser. The company repeated the commitment to settle financial obligations in a March 20 report filed to the Abu Dhabi stock exchange. Money owed by customers almost doubled last year to US$501m from US$255m, Dana Gas said in March. The company said US$212m of the total was owed for more than four months. CEO Ahmed Al Arbeed plans to retire in September and remain a board member, the company said last month. Shareholders will elect a board May 31, it said this week. The shares of Dana Gas have dropped 4.4 percent so far this year to 43 fils. Abu Dhabi’s ADX General Index climbed 3.5 percent in the same period.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dana gas to hire linklaters for debt deal Arab Today, arab today dana gas to hire linklaters for debt deal

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dana gas to hire linklaters for debt deal Arab Today, arab today dana gas to hire linklaters for debt deal

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Actress Ream Hhagag prepares for a new film

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday