AB Science (ABSCF.PK) said an agreement in principle has been reached with its financial creditors to postpone by 24 months the repayment of its bank debt. The implementation of this agreement is conditional on the postponement by at least 12 months of the repayment of a loan taken out with the EIB.
AB Science noted that the loan with the EIB is granted in two tranches of 6 million euros each, with the first tranche maturing on January 1, 2028 and the second on December 31, 2028. The company is pursuing discussions with the EIB to obtain postponement.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.