Aluminium Bahrain (Alba) has announced that it has entered into term loan agreements to refinance the $169 million bond expiring in March 2013.

The term loans include a bilateral five year loan of $85 million between Alba and Gulf International Bank, a statement from the company said.

It also includes a syndicated three-year loan of $84 million between Alba and a syndicate comprising of Ahli United Bank, National Bank of Bahrain, Tokyo-Mitsubishi, Arab Banking Corporation and Bank of Bahrain and Kuwait. – TradeArabia News Service