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Dana Gas May Seek to Roll Over Part of $700 Million Islamic Bond

  • Sukuk is coming due 2017; Dana Gas has $344 million in cash
  • Stable second-half oil prices “not conducive” to OPEC freeze
Bloomberg business news

Dana Gas Boosts 2Q Profit

Dana Gas PJSC, a producer of natural gas in Egypt, Iraq and the United Arab Emirates, may seek to roll over part of the $700 million Islamic bonds maturing next year, the chief executive officer said.

The company, which has about $344 million in cash, is in discussions with lenders about its future debt mix, Patrick Allman-Ward said in an interview on Bloomberg Television Sunday.