Kuwait's Global Investment House said on Monday that creditor banks had approved a delay in repayment of principal and interest to November from June, days after bondholders also agreed to extend scheduled payments to later in the year. The company,
Kuwait’s Global Investment House, which is undergoing its second debt restructuring in three years, won approval from bondholders to delay payments on KD95 million ($339 million) of debt, it said in a statement on the Dubai bourse on Sunday. Investors
Kuwait’s Global Investment House has secured approval from bondholders to delay the repayment of bonds worth 95 million dinars ($ 338.9 million) to December from June, a regulatory filing from the company said. The assent was granted at a meeting in
Kuwait's Global Investment House is expected to receive approval on Thursday to delay the repayment of bonds worth 95 million Kuwaiti dinars (338.6 million US dollars) to November from June, two sources familiar with the matter said. "Bondholders have