Emal plans to sell bonds
Complex Made Simple

Emal plans to sell bonds

Emal plans to sell bonds

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.

    Author
    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

    © 2021, ADigitalcom. All rights reserved