03 Mar 2011
(MENAFN) The chief financial officer of Abu Dhabi National Energy Company (TAQA), Doug Fraser, said that the company is considering entering debt markets with issuing a bond in an attempt to repay a debt maturity in 2012, reported Arab News.
The CFO said that TAQA, the 75 percent government-owned company, is receiving a USD1.5 billion note in October 2012.
Fraser said that political turmoil in the region is expected to halt the outbreak of new bond issues awaken by investor demand for quasi-government debt.
According to the CFO, the firm is seeking to spend USD2 billion per annum in the short-term in capital investment excluding acquisitions. Fraser added that the company could also invest in shale oil and gas.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more