GFH gets extension, but bankers not happy

February 10, 2010 12:00 am

Bahrain’s Gulf Finance House has received consent to defer repayment of a third of its $300m syndicated loan. But lenders’ irritation that they were asked for an extension only two weeks before the maturity has not subsided. Many are also worried about GFH being able to sell enough assets to repay the final $100m within six months.

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