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Official says the bomb blast happened after a militant group demanded extortion money from the group that runs the school
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Kuwait’s Global wins bond pay deferral
DUBAI - 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 agreed to defer interest payments on and the maturity of a KD45 million bond until December 10 at bondholders’ meetings last week in Kuwait, the statement said. That bond was originally set to mature on Sunday.
The bondholders also agreed to defer payment of interest on KD50 million of debt due next year until the same December 10 date.
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