Bank ABC’s liquidity rush prompts early loan repayment

Bahrain_230
By Bianca Boorer
04 May 2017

Bahrain’s Arab Banking Corporation decided to repay its $750m loan ahead of its maturity due to an increase in its liquidity, allowing it to avoid further interest payments.

The loan was paid off on April 27, four months ahead of its maturity in August, according to a spokesperson from the bank. 

HSBC and Abu Dhabi Commercial Bank were coordinators on the deal, while BNP ParibasDeutsche Bank, Mizuho, NatWest, Société Générale and

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