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Commercial Facilities raises $125m loan arranged by 3 banks

Commercial Facilities raises $125m loan arranged by 3 banks
Photo Credit: Arabianeye-Reuters
AUB Bahrain
AUB
0.21% 0.97 0.00
Bank ABC
ABC
0.57% 0.35 0.00
Bahrain Facilities
BCFC
2.62% 0.23 0.01

Mubasher: Bahrain Commercial Facilities said that it closed a $125 million five-year-term loan launched by Ahli United Bank (AUB), Arab Banking Corporation (Bank ABC), and Gulf International Bank (GIB) which acted as the mandated lead arrangers and book runners, according to a bourse statement.

The loan, which was signed on 14 December, 2015, is for refinancing and general corporate purposes, the statement showed on Sunday.