Taqa set to sign refi as Middle East dealflow pauses

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.

  • 10 Dec 2010

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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