Banks held road shows in London, Abu Dhabi and Hong Kong to syndicate a $2bn loan for the Abu Dhabi National Energy Company (TAQA). Launched on 26 October, it is structured as a multi-currency three year and five year revolving credit facility. It will be used to refinance outstanding amounts under an existing $2bn credit facility maturing in December 2013, and also for general corporate requirements

Banks acting as initial mandated lead arrangers and book runners are Bank of America Securities, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Citibank, HSBC, National Bank of Abu Dhabi, Royal Bank of Scotland, Société Générale, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation. BOTM UFJ is also acting as coordinating bank, facility agent and documentation agent. (CONTINUED - 316 WORDS)