VOL. XLI

No. 10

9-March-1998

BAHRAIN

Alba Approaches Syndicated Loan Market

Aluminium Bahrain (Alba) will come to the syndicated loan market to raise $400mn, andhas asked local and international banks to submit their proposals by the end of March. Theloan will be used to finance a $400mn contract signed with Germany's Mannesmann lastDecember for the construction of a calcined coke plant, a desalination unit and an upgradeof a jetty facility at the company's marine export terminal (MEES, 5...