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Emal seeks $700m loan backing from export creditors

Banks have been asked by UAE-based Emirates Aluminium (Emal) to respond to invitations to finance a $700m loan backed by export credit agencies (ECAs) by the end of March, Meed has reported. The loan will be used to complete construction of the company's first phase smelter, as well as raise additional funding for the $2bn bond issue that never took place due to the financial crisis.

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