Middle East Economic Survey

VOL. LIII

No 51

20-Dec-2010

UAE

TAQA Secures $3Bn Revolving Credit Facility

Abu Dhabi National Energy Company (TAQA) was due to sign an agreement as MEES went to press to receive a $3bn revolving credit facility from around 15 banks. The book runners on the transaction comprise Bank of Tokyo Mitsubishi (coordinating bank and agent), BNP Paribas, Citigroup, HSBC, Royal Bank of Scotland and Standard Chartered and the deal was syndicated to a wider group of banks....