Emirates REIT creditor group rejects debt exchange offer
Published 26 May,2021 via Arab News - Economy RIYADH - A group of Emirates REIT creditors has rejected a proposal to exchange $400 million of sukuk for new notes maturing two years later, Asharq reported.
The certificate holders said in a statement today that they had informed the company of their position and requested a meeting the next day to “discuss the ad-hoc group’s concerns and requirements for the restructuring process.”
Rothschild & Co. and Clifford Chance are advising the group.
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