NO. 19


Financial and Banking News

Loans & Issues

Terms for Alba Loan Released

The terms of the $560mn ten-year loan for Aluminium Bahrain (Alba) which wasmandated to Arab Banking Corporation (ABC) and Gulf Investment Corporation (GIC)last month (MEES, 29 January) have now been released, and show that despite thelong tenor and the absence of an explicit government guarantee, the borrower wasable to obtain attractive rates as a result of the intense competition for...