VOL. XLVI

No 15

14-April-2003

BAHRAIN

Alba Signs Loans Worth $1.05Bn For Expansion

Aluminium Bahrain (Alba) on 7 April signed agreements to receive loans worth $1.05bn for its $1.7bn phase II smelter expansion, although aspects of this multi-tranche funding, which will total $1.55bn, have yet to be finalized. For the $500mn commercial tranche, in addition to the lead arrangers (which include Gulf International Bank GIB, National Bank of Bahrain, National Bank of Bahrain and Kuwait, Qatar National...