Tue, Sep 16, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Finance, Financial Instruments (Credit Cards, Debts, Loans, Mort more

GFH sees accord to extend $100 mln loan in July

Posted on 06 July 2010

From Bloomberg: Gulf Finance House EC, the Bahrain- based investment bank, aims to reach an accord with its creditors this month to extend the maturity of a $100 million Islamic loan by three years as it seeks to defer asset sales.
“We’re in the documentation stage to extend the facility for up to three years and we expect the deal to be completed sometime this month,” Group Chief Executive Officer Ted Pretty said in a phone interview today. “We felt that 2010 is not going to be a good enough market to sell valuable assets.”………………………………………Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed
 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930