NIG asks to extend looming $475m sukuk, faces leap in borrowing costs
Kuwaiti investment firm National Industries Group has asked creditors to extend its looming $475m sukuk maturity by four years. The five year deal, issued in August 2007 at a floating rate of 105bp over Libor, is due to mature on August 16.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts