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FINANCIAL NEWS
Taqa has no plans for bond issuance in 2010
21 Jun 2010
(MENAFN) Abu Dhabi National Energy Co, also known as TAQA, said that it has no plans to issue a bond in the current year, after reported meetings with investors since early June in the US, Asia and Europe, Reuters reported.
TAQA, which is mainly owned by the government of Abu Dhabi, held a series of presentations throughout June to update investors, with each leg organized by different banks.
Mohamed Mubaideen, Manager for Investor Relations at TAQA, said that it was a non-deal road show to provide investors updates of the company.
He assured that the company will not have bond issuance this year, saying that Taqa does not require any financing in the meantime.
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