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Kuwait KIFC bondholders agree to $77M restructuring
Kuwait Finance & Investment Co. (KFIC) said on Wednesday that holders of its 21.5 million-dinar ($77.24 million) bonds have approved the company's proposed debt restructuring plan.
March 7, 2012 2:10 by Reuters
KFIC said that bondholders appointed a representative to sign the deal without giving futher details, according to a statement on the Kuwait bourse.
The bond, which was issued in March 2005, matures in December. ($1 = 0.2784 Kuwaiti dinars) (Reporting By Mirna Sleiman)