Emirates Steel signs Taweelah plant financing

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03 August 2010

Abu Dhabi's Emirates Steel Industries has secured funding from Sace and a group of banks for long-term debt for the development of its plant at Taweelah.

Abu Dhabi's Emirates Steel Industries has secured $2.2 billion from banks for long-term debt for the development of its plant at Taweelah.

The firm has secured $1.7 billion which is split into three tranches: a $500...

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