NO. 35


Financial and Banking News

Loans & Issues

Alba Syndication Closes

Syndication of the $560mn ten-year loan to Aluminium Bahrain closedofficially on 30 May, although two or three banks had been granted a littleextra time to submit offers. Syndication, which has been managed byManufacturers Hanover Trust in London, began on 16 June and was fully subscribedby the official closing date. Documentation for the loan is now being finalizedand signing is expected towards...