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Published on 6/10/2009 in the Prospect News Emerging Markets Daily.

Bahrain's Arab Banking buys back 11% of step-up floaters due 2017

By Jennifer Chiou

New York, June 10 - Arab Banking Corp. (B.S.C.) announced the purchase of 11% of its subordinated step-up floating-rate notes due 2017.

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


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