NO. 17


Financial and Banking News

Loans & Issues

Alba Mandates GIC and ABC to Raise 10-Year Loan

Aluminium Bahrain (Alba) - a consortium which is 74.9% owned by the BahrainiGovernment - has mandated a group of banks led by the Kuwait-based GulfInvestment Corporation (GIC) and Arab Banking Corporation (ABC) to raise a$560mn loan for ten years. Other banks in the winning group are Arab Bank, Bankof Tokyo, Banque Paribas, Industrial Bank of Japan, Mitsubishi Bank,...