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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
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By

Yousef Gamal El-Din and

Anthony Di Paola

August 28, 2016, 5:36 AM UTC

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.