Abu Dhabi’s flagship company TAQA raises loan of $3.5 billion from 13 banks

In order to meet its general corporate needs, the Energy firm Abu Dhabi National Energy Company (TAQA) announced, it had raised a loan from 13 banks of $3.5 billion (Dh 12.8 billion).

Reports allege the new 5-year loan will replace the current $ 3.1 billion revolving credit facility of Abu Dhabi listed firms, signed in August 2015.

Among the first mandated lead arrangers and global coordinators of the facility were Mizuho B....