Aluminium Bahrain, or Alba, which owns the world's fourth-largest aluminium smelter, said on Sunday it received two loans from banks to refinance a $169 million bond maturing in March 2013.
Alba, 69 percent owned by Bahraini sovereign wealth fund Mumtalakat and 20 percent by the Saudi government, said it obtained a five-year $85 million loan from Abu Dhabi's First Gulf Bank, according to a statement on the Bahrain bourse.
The company also received a three-year $84 million loan from a group of banks including Ahli United Bank, National Bank of Bahrain, Bank of Tokyo-Mitsubishi UFJ Ltd , Bank of Bahrain and Kuwait and Arab Banking Corporation.
No comments:
Post a Comment