Taqa in talks over $3bn loans

03 October 2010

Company will replace $3.15bn of credit that matures next year

Abu Dhabi National Energy Company (Taqa) is in talks with banks to raise around $3bn of loans to refinance an existing credit line, Bloomberg has reported, citing four people with knowledge of the negotiations. The state-run utility plans to utilise the proceeds to replace a $3.15bn revolving credit that matures next year, the sources said.

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