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...
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