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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

Emirates Aluminium to sell $1bln bonds in 2011

Posted on 22 October 2010

From Alrroya.com: Emirates Aluminium Co, which aims to build the world’s biggest smelter, said it plans to sell about $1 billion of bonds next year to fund phase two of its plant in the United Arab Emirates.
“We’ll probably get the green light on the technology to use for our second phase in February,” Chief Executive Officer Saeed Al Mazrooei said on Wednesday. “We’ll go to the market in the third or fourth quarter next year.”………………………………………Full Article: Source

 
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