image description
image description
Tell A Friend

FinancialNews


  • 21-12-10

    Abu Dhabi's Taqa replaces credit facility

    (MENAFN) Doug Fraser, Chief Financial Officer at the Abu Dhabi National Energy Company (Taqa), revealed that the company has secured a $3 billion revolving credit facility, replacing its existing $3.15 billion facility, which will be used for general corporate purposes, Trade Arabia reported. The $3 billion facility from 20 banks comprises $2 billion in a three-year revolving credit tranche, and $1 billion in a five-year revolving tranche, explained Fraser. According to Fraser, Taqa has seen a high level of interest in the syndication of the revolving credit facility from banks around the world resulting in the facility being oversubscribed, thus enabling the Abu Dhabi-based firm us to keep pricing tight and maintain flexibility.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved