Arab Today, arab today bahrain steel closes 340m loan facility
Last Updated : GMT 19:31:25
Arab Today, arab today
Arab Today, arab today

Bahrain steel closes $340m loan facility

Arab Today, arab today

Arab Today, arab today Bahrain steel closes $340m loan facility

Bahrain Steel
Manama - BNA

Bahrain Steel (previously known as Gulf Industrial Investment Company (GIIC) has successfully closed the syndication of its USD 340,000,000 senior secured term and revolving credit facilities.
The Facilities are split between a 7-year USD 300,000,000 amortising term loan and a 7-year USD 40,000,000 revolving credit facility.
The Facilities will be utilised to repay certain existing financial indebtedness of the Company, and for general corporate purposes. The new loan facilities will reduce the overall cost of borrowings for the company.
Arab Banking Corporation, HSBC and Mashreqbank acted as Initial Mandated Lead Arrangers, Bookrunners and Underwriters. Al Khaliji Commercial Bank, BNP Paribas, Doha Bank., and Qatar National Bank joined as Mandated Lead Arrangers. State Bank of India joined as a Lead Arranger.
Today morning a loan signing ceremony was held in Bahrain Steel’s Club house which was presided over by the Company’s Chairman Khalid Al Bassam and as attended by the senior management of the company and syndicate banks.

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PaulGMT 00:00 -0001 Wednesday ,30 November

HELLO Are you faced with stress in the acquisition of a loan? Have you be dissadpionted by your bank? Did you need a personal loan to secure a home, car and evaluate the finances? will help meet their financial obligations, especially with the current financial crisis. We offer Commercial loans, Personal / Residential and Others. At 3% annual interest. Apply for a minimum of $ 5000.00 to a maximum of $ 50.000.000.00.Apply through [email protected] or [email protected] Following is the borrower application form FullName :_________ Gender :_________ Marital Status :_________ Contact Address:_________ City:________ Country :_________ Date of Birth :_________ Amount required as a loan :_________ Term loan :_________ Monthly / annual income :_________ Occupation :_________ Purpose of Loan :_________ Phone :________ Best Regards Mr Paul Robinson(MD

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Arab Today, arab today bahrain steel closes 340m loan facility Arab Today, arab today bahrain steel closes 340m loan facility

 



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