VOL. XXXIV

NO. 49

9-SEPTEMBER-1991

Financial and Banking News

Regional Banking

Alba Signs $110mn Loan for Retrofit Project

Aluminium Bahrain (Alba) signed a loan agreement for $110mn with a group ofinternational banks on 4 September. The loan was arranged by Arab BankingCorporation (ABC), Chase Investment Bank and Riyad Bank, and is for five yearswith an option to extend for a further three years at the borrower's discretion.The interest rate is 5/8% over Libor and there is a three-year grace...