EMAL propose to issue Bond to assist its smelter project financing

Moody’s Investors Service said recently that EMAL propose to issue Bond by three periods to assist its smelter projects financing. EMAL will issue $1b senior grantee bond, $1b bond due to 2038 and and more bond by GBP. Moody’s Investors Service said in a mail this bond has A3 rating number, which is the seventh senior investing rating number in its company. Besides, EMAL will lend another $1.8b due to 2023. Citigroup, Goldman Sachs and Abu Dhabi Stated Bank will take in charge of this issue. EMAL has made a $4.9b lend contract with Bank of Paris, Banque de I'IndoChine, RBS and Standard Chartered. This smelter will put into production in 2011.