Taqa set to sign refi as Middle East dealflow pauses

10 Dec 2010

Taqa, the Abu Dhabi National Energy Company, closed its $3bn three and five year refinancing oversubscribed and will sign on December 16, according to loans bankers close to the deal.

The scale of the oversubscription has not been confirmed but several bankers reported that the top tickets of $150m and $100m proved popular in retail.

The bookrunners held bank meetings in Abu Dhabi, London, Taipei and Hong Kong. The invitation was extended to Asian banks at the borrower’s request. ...

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