Abu Dhabi’s partially privatized energy firm Taqa announced on 23 December that it has secured a $3.5bn revolving credit facility (RCF) that will be used for general corporate purposes and in particular to replace a $3.1bn RCF signed in August 2015.

Taqa says the five-year multicurrency facility was provided by a syndicate of 13 banks, with First Abu Dhabi Bank and Japan’s Sumitomo Mitsui Banking Corp and Mizuho Bank acting as bookrunners, initial mandated lead arrangers and global coordinators. (CONTINUED - 332 WORDS)