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Dana Gas PJSC (DANA), a fuel producer with most of its output coming from Egypt, said its board will meet on Nov. 22 in the Kurdistan region of Iraq to discuss refinancing its Shariah-compliant bond.
The company will discuss the status of its current projects in the United Arab Emirates, Egypt and Kurdistan, and future business opportunities, according to a statement on the Abu Dhabi securities exchange.
Dana Gas’s $1 billion sukuk matures in October 2012. The yield on the 7.5 percent security jumped seven basis points today to 21.6 percent, according to Bloomberg prices.
To contact the reporters on this story: Dana El Baltaji in Dubai at [You must be registered and logged in to see this link.]; Ayesha Daya in Dubai at [You must be registered and logged in to see this link.][b]
The company will discuss the status of its current projects in the United Arab Emirates, Egypt and Kurdistan, and future business opportunities, according to a statement on the Abu Dhabi securities exchange.
Dana Gas’s $1 billion sukuk matures in October 2012. The yield on the 7.5 percent security jumped seven basis points today to 21.6 percent, according to Bloomberg prices.
To contact the reporters on this story: Dana El Baltaji in Dubai at [You must be registered and logged in to see this link.]; Ayesha Daya in Dubai at [You must be registered and logged in to see this link.][b]
