Most bondholders of flag carrier Garuda Indonesia (GIAA) are said to have agreed to extend the maturity of GIAA’s US$500 million global Sukuk to 2023. Initially, the bond matured on June 3, 2020. The airliner is still waiting until June 10 for all holders to vote. Garuda offered a fee of up to 1.25 percent to the bondholders.
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