Bahrain Business: Alba refinances loan of $1.247bn – Gulf Digital News

  • Date: 28-Apr-2022
  • Source: Gulf Digital News
  • Sector:Economy
  • Country:Bahrain
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Bahrain Business: Alba refinances loan of $1.247bn – Gulf Digital News

MANAMA: Alba, the world’s largest smelter ex-China, ha become the first Bahraini company to achieve sustainability-linked refinancing for its $1,247,475,000 syndicated loan facility in connection to the line 6 expansion project. The $1,247,475,000 senior-unsecured conventional and Islamic facility carries an interest margin of 235 basis points per annum over the sum of secured overnight financing rate (SOFR) and the credit adjustment spread (CAS) .

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