Alba Scoops Syndicated Loan Deal of 2017

Image Source: albasmelter.com

Aluminium Bahrain BSC announced that the home-base of Line 6 Expansion Project, was the proud recipient of the Syndicated Loan of the Year category at the Bonds, Loans and Sukuk Middle East Awards which has taken place on Wednesday December 7, 2017 at the Ritz Carlton, Dubai.

The award recognized the Company’s efforts to secure the largest-ever-loan in October 2016, USD 1.5 billion Syndicated Loan (first tranche of funding), to come-out of Bahrain to fund Line 6 Expansion Project.

Speaking on this occasion, the Deputy Chief Executive Officer Ali Al Baqali said that “We are much pleased to secure the largest corporate loan in the history of Bahrain. We are even more proud to have executed the USD 1.5 billion syndicated loan at attractive pricing with a select group of international, regional and local banks.”

Source : Strategic Research Institute SteelGuru