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FINANCIAL NEWS
UAE- TAQA issues USD215m Islamic bonds
27 Feb 2012
(MENAFN) Abu Dhabi National Energy Company (TAQA) stated that it issued Islamic bonds (sukuk), valued at USD215, reported Arab News.
TAQA said that the profit rate for the ten-year bonds was set at 4.65 percent.
TAQA commented on the success of the bond issuance saying it represents an increase in the confidence of global markets the company’s business.
TAQA noted that the bond issuance comes under its MYR3.5 billion sukuk program that was launched by the end of last year.
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