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Corporate Bonds

Dana Gas eyes better 2013, rallies following debt agreement

Dana Gas, which defaulted in November, is ending the year on a more positive tone and looks set for a buoyant start to 2013. The Sharjah-based company saw its stock rally from 40 fils ($0.11) to 48 fils last week, after the company reached an agreement with creditors on December 10 over restructuring its outstanding $920m sukuk and issuing new securities.

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