Hamid Jafar, executive chairman of Dana Gas, said: "We are delighted by the continued enthusiasm for our sukuk offering which has encouraged us to increase the size of our issue for a second time. This clearly demonstrates the strength of international investor support for Dana Gas's business and strategy, and for its unique position in the fast-growing Middle Eastern gas sector."
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UAE's Dana Gas Increases Convertible Bonds Offering
This is the second increase from the initial issue size of $750 million following continuing strong demand
Dana Gas PJSC, the Middle East's first regional private-sector natural gas company, yesterday announced that its Convertible Sukuk Offering, launched on October 4, has been further increased by $125 million to $1 billion.
This is the second increase from the initial issue size of $750 million following continuing strong demand, primarily from international investors, according to a Press statement.
JPMorgan acted as sole bookrunner and lead manager of the offering. Barclays Capital and Citi were acting as joint lead managers.
Hamid Jafar, executive chairman of Dana Gas, said: "We are delighted by the continued enthusiasm for our sukuk offering which has encouraged us to increase the size of our issue for a second time. This clearly demonstrates the strength of international investor support for Dana Gas's business and strategy, and for its unique position in the fast-growing Middle Eastern gas sector."
Hamid Jafar, executive chairman of Dana Gas, said: "We are delighted by the continued enthusiasm for our sukuk offering which has encouraged us to increase the size of our issue for a second time. This clearly demonstrates the strength of international investor support for Dana Gas's business and strategy, and for its unique position in the fast-growing Middle Eastern gas sector."
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