26 Nov 2012
(MENAFN) Kuwaiti Global Investment House (Global) announced that it has won the approval to restructure two bonds worth USD337 million, reported Gulf Daily News.
The firm, whose major shareholders include the governments of Kuwait and Dubai, said that as part of its second debt overhaul in 3 years, creditors have okayed the restructuring of a USD159 million bond maturing in 2012, and a USD176.74 million bond maturing next year.
The company managed to lessen its losses slightly to USD52.8 million in the three months to September 30, from USD54.78 million in last year’s same period.
In September, Global’s shareholders endorsed a debt plan to create new special purpose vehicles that will carry the firm’s debt as part of the group’s USD1.7 billion debt restructuring.
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more