22
Sep
01:00
Bahrain Steel secures $340m loan to repay debts
Iron ore pellet producer Bahrain Steel has secured a $340 million loan to repay existing debts and “for general corporate purposes”, the firm says. The move will reduce the company’s overall borrowing costs.
The mill’s management did not comment to Kallanish when asked for more detail regarding the “general corporate purposes”. Also, they would not be drawn on whether the loan is linked with Bahrain Steel&rs…
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