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Qatalum raises $2.6bn
- Qatar: Saturday, August 25 - 2007 at 08:59
Qatar Aluminium, or Qatalum, has closed a $2.6bn project finance deal involving international banks for the construction of its production facility at the Mesaieed Industrial City, reported The Peninsula. The financing comprises more than $2.2bn as a commercial bank term loan facility, involving 30 banks and Export Development Canada, and a $350m export credit agency facility with Norway's GIEK. The term loan facility itself was over-subscribed by more than $1bn.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, August 25 - 2007 at 08:59 UAE local time (GMT+4)
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