Middle East Economic Survey

VOL. L

No 27

2-July-2007

Bahrain

Alba Refinancing Under Syndication

The $641mn refinancing for Aluminium Bahrains (Alba) Line 5 (fifth potline) is under syndication, following the appointment of Citibank as lead arranger, MEES learns. The deal includes a refinancing of both an existing commercial loan and metals hedging tranche, with margins at 40 bps for the first three years, climbing to 50 bps thereafter until December 2012. Banks joining the syndicate include Ahli...