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Ahli United Bank to repay $400m of $1.2bn loan
- Bahrain: Sunday, August 23 - 2009 at 09:31
Bahrain-based Ahli United Bank is to repay $400m of a $1.2bn syndicated loan by the end of August, ahead of the final maturity date. The three-year $1.2bn loan facility was signed in October 2006 with the participation of 51 international banks. The loan will be refinanced by the two-year $800m forward start facility, which was signed in September 2008, the bank has said.
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