Tuesday, June 5, 2007

Dana Gas Planning to Sell at Least $1 Billion of Five-Year Islamic Bonds

(Bloomberg) -- Dana Gas PJSC, a United Arab Emirates
natural gas processing and transport company, plans to sell ``at
least $1 billion'' of five-year convertible Islamic bonds to
finance expansion and diversify its sources of funding.

Sharjah-based Dana will seek shareholder approval for the
plan June 26 and is in talks with international banks to manage
the sale, it said in an e-mailed statement today.


Read more at Bloomberg Bonds News

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