VOL. XLVI

No 4

27-January-2003

BAHRAIN

Alba To Secure $1.55Bn In Expansion Finance

In a multi-tranche deal, Aluminium Bahrain (Alba) is in the process of securing $1.55bn in funding for its $1.7bn phase II smelter expansion with $500mn supplied by commercial banks, $250mn provided by Islamic banks, $300mn coming from a commodities deal, $300mn from the Japanese Bank for International Cooperation and $200mn possibly being raised via a local bond issue. Further funding would be obtained from...