- City Fajr Shuruq Duhr Asr Magrib Isha
- Dubai 04:18 05:38 12:19 15:45 18:54 20:13
Abu Dhabi National Energy Co. (Taqa) said on Thursday it had signed a ¥20.5 billion ($200.4 million; Dh735.5 million) loan with Bank of Tokyo-Mitsubishi which would be used to refinance an existing obligation.
The majority state-owned energy firm said it had swapped the loan, priced at 60 basis points over Japanese Libor, into US dollars and would use the funds to refinance a portion of a $1.2 billion bond which is due to mature in September.
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