The Abu Dhabi Water & Electricity Authority (Adwea) is in talks for a $2.2 billion refinancing of its Shuweihat 2 loan, Reuters reports. Government-owned Adwea also plans to issue a bond in a Gulf Arab power project. Adwea has appointed HSBC Holdings to advise on the transaction. The lender was the sole adviser on the financing deal signed in 2009. The financing was expected to be a mixture of bank loans and the bond.

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