Sat, Aug 23, 2014
A A A
Welcome bhaimia
RSS

Alcoa-Maaden joint venture raises $4.5bln

Posted on 12 July 2010

From Arabnews.com: Alcoa’s joint-venture with Saudi Arabian Mining Co. (Maaden) has raised $4.5 billion in debt for their giant aluminum project. Pricing for the combined conventional and Islamic debt ranges from 165 to 275 basis points over Saudi Interbank Offered Rate (SAIBOR) depending on riyal and dollar funding and the stage of projects.
The $7.5 billion project, expected to be one of the world’s largest aluminum projects, consists of a rolling mill and a smelter which will each be financed separately and signed by September, bankers said…………………………………..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

August 2014
M T W T F S S
« May    
 123
45678910
11121314151617
18192021222324
25262728293031