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TAQA secures $200 million Samurai loan to refinance bonds

: Thursday, April 17 - 2014 @ 17:27

The Abu Dhabi market index ADXGI finished the second week of April with a day gain of 0.50 per cent, closing at 5,156.65 points on Thursday, April 17.

The shares of Abu Dhabi National Energy Company – also known as TAQA – slipped by 0.80 per cent to AED1.23. Earlier in the day, TAQA said it secured a five-year loan worth $200 million (JPY20.5 billion). The Samurai loan facility was arranged by Bank of Tokyo-Mitsubishi at 60 basis points over JPY LIBOR and has been fully swapped into US dollars. The funds will be used to partly refinance TAQA’s upcoming $1.2bn bond maturity in September 2014.


Gérard Al-Fil

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Thursday, April 17- 2014 @ 17:27 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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