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Abu Dhabi utility firm seeks $3.1bn loan

London, January 10, 2008

Gulf Arab utility Taqa  has appointed five bookrunners to arrange a $3.1 billion, one-year syndicated loan, a banking source said on Thursday.

The bookrunners are Bank of Tokyo-Mitsubishi UFJ, Barclays, BNP Paribas, Citigroup and Royal Bank of Scotland.

State-owned Abu Dhabi National Energy Company (Taqa) will use the deal as a corporate liquidity line.

Taqa operates six power generation and water desalination plants in the UAE.-Reuters




Tags: Taqa | BNP Paribas | syndicated loan | MUJF |

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