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Gulf Finance house seeks to repay debt through new capital

Posted on 23 November 2010

From Arabianbusiness.com: Gulf Finance House, a Bahrain based investment bank, sees no obstacles to repaying $300 million of rescheduled debt starting from 2012 as it begins a recapitalization, its chief executive officer said.
Ted Pretty said: “There’s no doubt we are tight on cash because we are selling assets, but part of the recapitalization is to raise new cash which is no different to what is happening to every major bank around the world, the idea is you don’t want all your debt maturing at the same time.”………………………………………Full Article: Source

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