VOL. XLIV

No 50

10-December-2001

BAHRAIN

Alba Secures $107Mn Term LoanFacility

Bahrain-based Arab BankingCorporation (ABC) on 20 November signed a $107mn term loan facility with AluminumBahrain (Alba) to be used to repay a bond maturing on 26 November. Thefacility, which ABC arranged and equally underwrote with Sumitomo MitsuiBanking Corporation, carries a margin of 45bps over Libor, a tenor of fiveyears and is to be repaid in 10 equal semi-annual installments commencing sixmonths after the...