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17-04-14

UAE's TAQA signs USD200 b loan deal

(MENAFN) Abu Dhabi National Energy Co (TAQA) is expected to soon receive a USD200.4 million loan from one of the major international banks, according to Arabian Business. TAQA plans to refinance an existing obligation through the loan, which was swapped into US dollars. The company said that funds will be allocated to refinance a portion of a USD1.2 billion bond which is due to mature in September.