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Global Investment House to ask for bond repayment delay |
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Tuesday, 22 November 2011 00:21 |
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Kuwait: Kuwait's Global Investment House (GIH) has said it plans to ask bondholders if it can delay repayment of a KD45m ($163m) bond to June 2012 from April 2012, Reuters has reported. The deferral of the bond repayment to June 10 from April 25 is to help Global in its talks with creditors regarding a wider debt restructuring, GIH said. A meeting to approve the firm's request will be held on December 5, it added. [AMEInfo.com]
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