Bahrain's Alba raising $1.5 billion in bank debt: sources - Reuters:
Aluminium Bahrain (Alba), owner of one of the world’s largest aluminum smelters, is raising $1.5 billion in bank debt to refinance loans it obtained in 2016 to back its Line 6 expansion project, two sources familiar with the matter said.
The company has mandated three Bahrain-based banks – National Bank of Bahrain, Bank ABC and Gulf International Bank – to underwrite the facility, which is now being syndicated to the wider bank market, said the sources.
Alba – which declined to comment – completed $1.5 billion in financing in 2016, marking the largest corporate loan ever raised in Bahrain.
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