GIH seeks delay on debt repayment

KUWAIT CITY - Kuwait’s Global Investment House, or GIH said on Tuesday that it would ask creditors to further extend a deadline for repaying debt to November from June as part of a restructuring proposal it plans to submit soon.

By (Reuters)

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Published: Wed 16 May 2012, 10:18 PM

Last updated: Tue 7 Apr 2015, 12:25 PM

The company, which is undergoing its second debt restructuring in three years, did not specify an amount.

“The main point is that Global is progressing in its negotiations with lenders,” a statement filed on the Dubai bourse said.


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