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 Bahrain’s Oil & Gas Holding hires banks to refinance $1.6 bln loan

People walk past Mashreq bank in Dubai, United Arab Emirates July 26, 2017. REUTERS/Nawied Jabarkhyl

Bahrain’s Oil & Gas Holding hires banks to refinance $1.6 bln loan

Bahrain’s Oil & Gas Holding Company has hired Gulf International Bank (GIB) and Mashreq (MASB.DU) to refinance an existing $1.6 billion murabaha facility, GIB said on Tuesday.

“The proposed transaction will have both Islamic and conventional tranches and will be sustainability linked,” GIB told Reuters in response to a query.

Oil & Gas Holding and Mashreq did not immediately respond to requests for comment. Reporting by Yousef Saba and Saeed Azhar; Editing by David Goodman

This article was originally published by Reuters.

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