Browse related articlesEmal plans to sell bonds
United Arab Emirates: Monday, March 03 - 2008 at 08:59
Emirates Aluminium, the aluminum smelter in Abu Dhabi, plans to sell bonds in three phases to help finance construction, according to Moody's Investors Service, cited by Bloomberg. Emal plans to sell $1bn senior secured bonds due 2028, $1bn due 2038, and possibly more bonds due 2028 in British pounds. Emal earlier said its first phase may have capacity to produce 700,000 tonnes of aluminum a year in 2010.
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Medilyn Manibo, Assistant News EditorMonday, March 03 - 2008 at 08:59 UAE local time (GMT+4)
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