VOL. XXXIV

NO. 34

27-MAY-1991

Financial and Banking News

Regional Banking

Alba Seeks Interest Rate Swap...

Aluminium Bahrain (Alba) is hoping to secure fixed interest for all or partof the $650mn commercial bank loan signed in July 1990. The loan was priced at3/8% over three or six-month Libor for the first three years and 1/2% over Liborfor the remaining seven. Repayment begins four years after signing (MEES, 23July 1990). Alba asked banks to make offers for a swap into fixed interest ratesfor a...