Ahli United Bank Extends Maturity on $618 Million of Its Loans

Ahli United Bank, a Bahrain-based lender, extended the maturity on $618 million of loans by six months to April 2012, according to the deal’s agent.

The extended loan is part of an $800 million facility signed in September 2008, Lloyds Banking Group Plc said today in an e-mailed statement. Twenty-two banks from 12 countries participated in the maturity extension, according to the statement.

To contact the reporter on this story: Patricia Kuo in London at pkuo2@bloomberg.net

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net

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