Abu Dhabi- TAQA issues USD750mn bonds

14 Oct 2016

(MENAFN) Abu Dhabi National Energy (TAQA) issued two-tranche dollar denominated bonds worth USD750mn.

Moreover, the fund raised from the bonds issue will be used to refinance recent bonds, as well as to finance the firm”s general budget.

The firm aims to return to the bond market later this year or by the beginning of next year to refinance matured debts.

In addition, the first issue worth USD250mn and matures in June 2021, while the second worth USD500mn and matures in June 2026.

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