Abu Dhabi National Energy Co (TAQA) is looking to refinance up to $3 billion of syndicated loans and banks are due to submit proposals this week, two bankers close to the deal said on Tuesday.
The Abu-Dhabi based energy and utility company firm, 75 percent owned by the Abu Dhabi government, has a solid financial record and is a familiar name in the loan market which could encourage banks to take part, the bankers added.
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