- 17 Apr 2014
TAQA secures USD 200m Samurai loan
Abu Dhabi, United Arab Emirates – TAQA, the international energy and water company from Abu Dhabi, today announced the successful signing of a USD 200 million equivalent (JPY 20.4 billion) Samurai loan facility.The five-year loan was arranged by Bank of Tokyo-Mitsubishi UFJ at a competitive 60 basis points over Japanese Yen LIBOR, and has been fully swapped into US dollars by Mitsubishi UFJ Securities. The funds will be used to refinance a portion of TAQA’s upcoming USD 1.2 billion bond maturity.“This is the first part of our 2014 refinancing operation. The Samurai loan brings in a new pool of liquidity for TAQA at extremely competitive rates,” said Stephen Kersley, Chief Financial Officer at TAQA.- ENDS -For further information:Abu Dhabi
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Allan.Virtanen@taqa.comAbout TAQATAQA, meaning energy in Arabic, is the brand name of Abu Dhabi National Energy Company PJSC. We are an international energy and water company listed in Abu Dhabi operating in 11 countries across four continents.
We strive to be safe and sustainable, and embrace the challenge of delivering affordable and reliable energy and water. We are proud to align our strategy with Abu Dhabi’s Economic Vision 2030, a roadmap for a sustainable economy with a focus on knowledge-based industry.
Our interests lie in conventional and alternative power generation, water desalination, oil and gas exploration and production, pipelines and gas storage. We operate in Canada, Ghana, India, Iraq, Morocco, the Netherlands, Oman, Saudi Arabia, the United Arab Emirates, the United Kingdom and the United States.For further information about TAQA, please visit: www.taqa.com