Financial and Banking News

Regional Financing

Alba Offers Bonds Worth $50Mn

Aluminium Bahrain (Alba) issued bonds worth $50mn in Bahrain on 31 October,and the company said it is prepared to issue as much as $100mn in bonds if themarket is able to absorb them. The bonds are available to all investorsincluding foreigners, banks and financial institutions for a two-week period.They have a maturity of seven years and will carry an interest rate of 5% or0.75% over...