AlQabas reports that ABL issued a press release today disclosing that its exposure to Dubai Holding equivalent to US$100 million from its participation in an AED denominated syndicated loan. The loan matures in June 2013.
ABL said that the loan was performing and had just made an interest payment. It also noted that given its maturity, it would not be part of debts to be restructured.
The danger of course when a borrower restructures is that all debt eventually gets caught up.
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