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Dana Gas to Discuss $1 Billion Bond Refinancing on Nov. 22

The company will discuss the status of its current projects in the United Arab Emirates, Egypt and Kurdistan, and future business opportunities.
17.11.11 | Source: Bloomberg

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.

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