emirates7 - Abu Dhabi National Energy Company (TAQA) has announced the successful arrangement of an AED 8.5 billion corporate term loan facility, reinforcing its commitment to financial strength, flexibility, and long-term growth.
The facility is structured as a two-year, AED-denominated floating-rate loan with the option of a one-year extension. TAQA plans to utilise the funds gradually, in line with its capital requirements. Emirates NBD Bank and First Abu Dhabi Bank acted as joint Bookrunners, Mandated Lead Arrangers, and Coordinators, while Mashreq Bank served as a Mandated Lead Arranger.
Opting for AED financing aligns with TAQA’s dirham-based income stream and taps into robust domestic liquidity, with EIBOR providing a cost-effective alternative to international benchmarks.
The transaction broadens TAQA’s funding options, diversifies liquidity sources, and supports its efforts to optimise the capital structure while maintaining the financial flexibility needed to advance its strategic agenda.
Commenting on the deal, Jasim Husain Thabet, TAQA’s Group CEO and Managing Director, said:
“Securing this facility is another milestone in delivering on TAQA’s growth strategy. It strengthens our balance sheet and ensures we can fund future investments effectively. The terms of the loan highlight the strength of our credit profile and the confidence of our banking partners, while enabling us to access competitive funding in our local currency. This provides a solid financial foundation to continue delivering reliable and sustainable power and water to the communities we serve.”
The facility provides greater financial agility compared to other available funding tools, as drawdowns can be timed to match cash flow and investment needs. Its two-year tenor also aligns with TAQA’s debt maturity profile, with no corporate debt due in 2027.
This new loan complements TAQA’s broader funding framework, which includes a US$20 billion Global Medium Term Note (GMTN) programme and a US$3.5 billion revolving credit facility. Together, these instruments form a diversified and resilient capital structure, underpinning operational strength and future expansion. The loan further enhances TAQA’s readiness to pursue a strategic investment programme covering domestic and international opportunities in power, water, and low-carbon energy.
The facility is structured as a two-year, AED-denominated floating-rate loan with the option of a one-year extension. TAQA plans to utilise the funds gradually, in line with its capital requirements. Emirates NBD Bank and First Abu Dhabi Bank acted as joint Bookrunners, Mandated Lead Arrangers, and Coordinators, while Mashreq Bank served as a Mandated Lead Arranger.
Opting for AED financing aligns with TAQA’s dirham-based income stream and taps into robust domestic liquidity, with EIBOR providing a cost-effective alternative to international benchmarks.
The transaction broadens TAQA’s funding options, diversifies liquidity sources, and supports its efforts to optimise the capital structure while maintaining the financial flexibility needed to advance its strategic agenda.
Commenting on the deal, Jasim Husain Thabet, TAQA’s Group CEO and Managing Director, said:
“Securing this facility is another milestone in delivering on TAQA’s growth strategy. It strengthens our balance sheet and ensures we can fund future investments effectively. The terms of the loan highlight the strength of our credit profile and the confidence of our banking partners, while enabling us to access competitive funding in our local currency. This provides a solid financial foundation to continue delivering reliable and sustainable power and water to the communities we serve.”
The facility provides greater financial agility compared to other available funding tools, as drawdowns can be timed to match cash flow and investment needs. Its two-year tenor also aligns with TAQA’s debt maturity profile, with no corporate debt due in 2027.
This new loan complements TAQA’s broader funding framework, which includes a US$20 billion Global Medium Term Note (GMTN) programme and a US$3.5 billion revolving credit facility. Together, these instruments form a diversified and resilient capital structure, underpinning operational strength and future expansion. The loan further enhances TAQA’s readiness to pursue a strategic investment programme covering domestic and international opportunities in power, water, and low-carbon energy.