Alba shaves down margin in refi

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Alba shaves down margin in refi

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Coiled aluminium sheet is manufactured at the plant of Zouping Hongfa Aluminium Technology Co., Ltd. in Zouping City, east China's Shandong Province on November 23rd, 2019. (Photo by Ji Zhe / Costfoto/Sipa USA) | Costfoto/SIPA USA/PA Images

Aluminium Bahrain (Alba) has refinanced an existing $1.5bn loan with tighter margins. The deal is one of just a few raised in Bahrain this year, which has seen the number of syndicated loan deals drop almost 50%.

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