NO. 33


Financial and Banking News

Bank Finance

Alba to Raise $110mn for Retrofit Project

Aluminium Bahrain (Alba) has invited tenders for a $110mn loan to cover thecost of its retrofit project which will improve the efficiency of its existingpot lines and curtail fume emission. Bankers report that bids have beensubmitted by Massraf Faysal al-Islami and by a group of four banks led by ArabBanking Corporation (ABC). Alba is hoping for a ten-year tenor on the loan,although...