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Published on 6/22/2011 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Bahrain's Arab Banking redeems $33 million floaters due 2017

By Toni Weeks

San Diego, June 22 - Arab Banking Corp. (B.S.C.) said it redeemed $33 million of its floating-rate notes due April 4, 2017 (ISIN: XS0293688304) on May 26, according to a company filing with the London Stock Exchange.

Following the redemption, $378.9 million of the notes remains outstanding.

Based in Manama, Kingdom of Bahrain, the issuer is an offshore commercial bank.


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