TAQA secures $200 million Samurai loan to refinance bonds | TAQA secures $200 million Samurai loan to refinance bonds -
TAQA

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

Today's Top Stories

Posted by

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.

AME Info Services







Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically





JobsVIEW ALL

Search for jobs

Latest Jobs