Reuters logo
Abu Dhabi's TAQA signs yen loan to help repay upcoming debt
April 17, 2014 / 7:17 AM / 4 years ago

Abu Dhabi's TAQA signs yen loan to help repay upcoming debt

DUBAI, April 17 (Reuters) - Abu Dhabi National Energy Co (TAQA) said on Thursday it had signed a 20.5 billion yen ($200.4 million) loan with Bank of Tokyo-Mitsubishi which would be used to refinance an existing obligation.

The majority state-owned energy firm said it had swapped the loan, priced at 60 basis points over Japanese Libor, into U.S. dollars and would use the funds to refinance a portion of a $1.2 billion bond which is due to mature in September. ($1 = 102.2750 Japanese Yen) (Reporting by David French; Editing by Andrew Torchia)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below