Abu Dhabi in talks with banks for debut loan of $2 billion - sources - Reuters:
The government of Abu Dhabi is in talks with banks for a $2 billion loan, two sources familiar with the discussions said, a move which would allow the oil-rich emirate to tap new liquidity pools in an era of low oil prices.
Abu Dhabi, the capital of the United Arab Emirates, sold its latest international bonds in September last year, raising $10 billion for budgetary purposes and garnering almost $20 billion in demand.
It is now working on a “self-arranged loan”, putting together commitments from banks for a potential $2 billion debt facility which, if finalised, would be the government’s first, the two sources familiar with the discussions said.
The Abu Dhabi Department of Finance declined to comment, a spokesman said.
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