VOL. XLII

No. 07

15-February-1999

UAE

Taweelah A-2 $578.5Mn Loan Near Completion

Financing for the UAEs $740mn independent power and waterproject, Taweelah A-2, is drawing nearer to completion as Barclays Capital, thelead arranger, enters the co-underwriting phase. MEES understands thatfollowing what was described as a "tremendous response," Barclays hasreceived firm commitments from seven banks to co-underwrite the $578.5mn loanand is expecting a final response from the potential eighth...