UAE's EGA raises revolving credit facility
Emirates Global Aluminium (EGA) has raised a $600m syndicated facility, which replaces a number of uncommitted bilateral loans.
The three year $600m revolving credit facility has been provided by a consortium of Emirati and international banks. Bookrunners and lead arrangers were Commercial Bank of Dubai, Emirates NBD, Mashreqbank and Standard Chartered.The new facility is said to be "priced competitively" and will replace a number of existing ...
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