Solely aggregation of news articles, with no opinions expressed by this service since 2009 launch on this platform. Copyright to all articles remains with the original publisher and HEADLINES ARE CLICKABLE to access the whole article at source. (Subscription by email is recommended,with real-time updates on LinkedIn and Twitter.)
Tuesday 2 February 2010
Bahrain's Gulf Finance House in debt talks-sources
The Bahraini Stock Exchange suspended trading in shares of Manama-based Gulf Finance House GFHB.BH on Tuesday as it waited for the bank to confirm or deny a media report, without providing further details.
GFH is trying to refinance debt due in the next few weeks and is looking to raise cash in case negotiations fail, sources familiar with the Islamic investment house said.
A source at one of the arrangers said that GFH had approached it to roll over or extend the arranger's portion of $300 million in financing, but that it had made no decision as yet and was monitoring the situation at GFH very closely.
No comments:
Post a Comment