Dana Gas launches $1b exchangeable sukuk



DUBAI — Dana Gas PJSC has announced the launch of its debut issue of Exchangeable Trust Certificates (sukuk) for $1 billion subject to upsizing.
The sukuk will be structured as Sukuk Al Mudarabah and will mature in 2012.
The terms of the sukuk will grant rights to holders to exchange their sukuk into ordinary shares of Dana Gas subject to certain conditions.

The investor roadshow is scheduled to start on July 18, 2007, in London. Barclays Capital and Citi are acting as joint global co-ordinators and joint bookrunners of the issue of the sukuk.
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