(Updates with sukuk maturity in third paragraph.)
Nov. 17 (Bloomberg) -- Dana Gas PJSC, 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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