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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Bahrain GFH seeks to extend $200 mln bond

Posted on 02 November 2010

From Reuters: Bahrain’s Gulf Finance House plans to ask holders of its $200 million Islamic bond to extend its maturity by three years as part of its debt restructuring, the company said on Monday.

The Islamic investment firm struggled to pay back its debt after the 2008 regional property crash, and restructured two loans worth a total of about $400 million this year…………………………………….Full Article: Source

 
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