Dubai Aluminium Said to Seek $1.8 Billion Loan to Expand - Bloomberg

Dubai Aluminium Said to Seek $1.8 Billion Loan to Expand - Bloomberg:



"Dubai Aluminium, part of a metals joint venture between Dubai and Abu Dhabi, is seeking to pay 145 basis points above the London interbank offered rate on a $1.8 billion loan, according to two people familiar with the matter.



Dubal, as the company is known, appointed Citigroup, Emirates NBD PJSC (EMIRATES) and Societe Generale SA (GLE) to arrange the facility, the people said, asking not to be identified as the information is private. Lenders committing to $200 million of funding will be paid a one time fee of 90 basis points, they said. 




Abu Dhabi government-owned Mubadala Development Co. and Dubai Investment Corp. merged Dubal with Abu Dhabi-based smelter Emirates Aluminium Co. last year to create a company with an enterprise value of $15 billion."



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