Dubal Agrees Loans For$325Mn
Dubai Aluminium (Dubal) has agreed loans totaling $325mn with StandardChartered Bank, HSBC and Credit Agricole. The loanswill be used to help finance the Kestrel expansion project which willincrease output at Dubals JebelAli smelter to 710,000 tons/year by 2006 (MEES, 24 June). Dubalis looking to attract a total of $900mn to finance the expansion project and isdoing so mostly through bilateral deals rather than through syndication,...
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