Emirates Float Glass Wraps Up Funding

Emirates Bank has announced that he AED 292M facility for Emirates Float Glass (EFG) has been successfully closed, and oversubscribed. Emirates Bank is the mandated lead arranger, and bookrunner for the transaction. Participating banks are: Abu Dhabi Commercial Bank; Lloyds Bank plc and Commercial Bank of Dubai as lead arrangers and Union National Bank as co-arranger. The facility will partly fund the project costs of AED 692M for setting up EFG's float glass facility in Abu Dhabi, UAE. The float glass plant is expected to be onstream by early 2009 and will have a production capacity of 600/tpd making clear, tinted and pyrolytic glass for architectural purposes; and clear and tinted glass for automotive purposes.

Author
Un-named
Origin
Unknown
Journal Title
Asian Glass June/July 2007 6
Sector
Flat glass
Class
F 2351

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Emirates Float Glass Wraps Up Funding
Asian Glass June/July 2007 6
F 2351
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