Bahrain Oil & Gas Holding hires banks to refinance $1.6bn loan By Reuters

© Reuters. FILE PHOTO: People walk past the Mashreq bank in Dubai, United Arab Emirates July 26, 2017. REUTERS/Nawied Jabarkhyl

DUBAI (Reuters) – Bahrain’s oil and gas company has engaged Gulf International Bank (GIB) and Mashreq to refinance an existing $1.6 billion murabaha facility, GIB said on Tuesday.

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

Oil & Gas Holding and Mashreq did not immediately respond to requests for comment.

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