Bahrain’s Ahli United Bank secures loan extension

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Bahrain’s Ahli United Bank secures loan extension

Twenty-two out of a total of 28 lenders have agreed to an amend and extend agreement on an $800m two year loan for Ahli United Bank signed in 2008. The agreement extends the maturity on $618m of the $800m total, pushing the maturity date out to April 2012 from October 2011.

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