UAE's Emal picks banks for up to $1 bln bond issue - sources

ABU DHABI, Oct 9 (Reuters) - Emirates Aluminium, a jointventure between Abu Dhabi's Mubadala and DubaiAluminium, has mandated three banks for a bond issue up to $1billion, two banking sources familiar with the matter said onTuesday.

Emal has picked Goldman Sachs , Citigroup andlocal lender Abu Dhabi Commercial Bank , the sourcessaid, declining to be identified.

The bond is expected to be a part of a $4 billion financingpackage for a smelter expansion.

(Reporting by Stanley Carvalho and Dinesh Nair; Writing byRachna Uppal)

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