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Creditors OK global investment bond payment delay to June

Kuwait's Global Investment House said on Wednesday bondholders have agreed to delay repayment of a 45 million dinar ($163 million) bond to next June from April.

December 7, 2011 12:30 by

The deferral of the bond repayment to June 10 from April 25 is to help Global in its talks with creditors regarding a wider debt restructuring.

Global said in September that it had asked bank creditors to delay principal repayments on debt due in December as part of a move to renegotiate a $1.7 billion restructuring agreement signed in 2009. (Writing by Amran Abocar)

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