VOL. XL
No. 29
21-July-1997
BAHRAIN
Alba Receives $85Mn Syndicated Loan
Aluminum Bahrain (Alba) announced on 9 July that it had received a syndicated loan of$85mn from a consortium of five banks US Chase Investment Bank, ABN-Amro of theNetherlands, Manama-based Gulf International Bank, Bank of Bahrain and Kuwait and Al-AhliCommercial Bank in Bahrain. The seven-year loan, priced at 42.5bp over Libor and organizedunder English law, has been taken out to cover the costs of upgrading a casthouse...
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