March 2007

Emirates Steel bridge loan signed 29 March 2007

The long-term financing of the $950 million Emirates Steel project at Mussafah in the UAE is to restart following the signing of a $600 million bridge loan that should see the project through much of the construction phase.

Ensus closes Europe's first bioethanol project financing 27 March 2007

SG, Calyon and RBS have arranged a £155 million debt package to back Ensus Group's biothanol plant to be developed at Teeside, UK. It will be the largest bioethanol plant in Europe and the first to be financed on a non-recourse basis.

Boguchanskaya bridge loan closes 22 March 2007

ABN Amro, Calyon, Barclays, and Sberbank have closed a $520 million bridge loan for the Boguchanskaya energy and metals complex project. The sponsors of the project are HydroOGK, the hydro generation subsidiary of RAO UES, and RUSAL, the metals producer, which is developing both an aluminium smelter...

RUSAL closes Khakas smelter financing 21 March 2007

RUSAL has closed a $500 million financing for the refinancing and upgrading of the Khakas aluminium smelter. The lead arranger of the debt was BNP Paribas, which brought in Calyon, Bayerische Landesbank, HSBC, Mizuho, Natixis, Sberbank, SG and SMBC as participants. The loan has a 12-year tenor and i...