IIG Funding, certificateholders ink drafts of restructuring documents

By Caroline Salls

Pittsburgh, Oct. 16 - IIG Funding Ltd. and some holders of its $200 million of trust certificates (Sukuk al-Mudarabah) due 2012 have negotiated drafts of financial restructuring documents, according to a news release from delegate Deutsche Trustee Co. Ltd.

The documents, which include a form of notice to certificateholders to convene a meeting to consider approval of the restructuring, are close to being finalized.

The notice of the meeting is expected to be issued in late October or the first two weeks of November, the release said.

IIG is an Al Safaa, Kuwait, investment company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.