VOL. XLIII

No. 48

27-November-2000

UAE

Taweelah A1s $1Bn Syndicated Loan Over-subscribed At Sub-underwriting Level

MEES understand that the over-subscription at the sub-underwriting level of the $1bn syndicated loan facility for the UAEs Taweelah A1 power plant has led to the scaling down of individual bank tranches and may avert the need for general syndication. Banks seeking a sub-underwriting commitment at the $100mn level have in some cases been allocated as little as 40% of their original...