VOL. XXXIV

NO. 36

10-JUNE-1991

Financial and Banking News

Regional Banking

ABC, Chase and Riyad Bank to Arrange $110mn Loan for Alba

Aluminium Bahrain (Alba) at the end of May mandated Arab Banking Corporation(ABC), Chase Investment Bank and Riyad Bank to arrange a $110mn loan to financeits retrofit project. The loan will be for five years and will be priced at 3/8%over Libor. Fees were still being discussed during the first week of June. Thethree banks are expected to syndicate the loan. The...