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TAQA Issues USD250M and USD500M Bonds
(13 October 2016)

 

TAQA has successfully issued two USD-denominated bonds for an aggregate amount of USD750 million and maturities of 5 and 10 years.

Abu Dhabi National Energy Company PJSC (TAQA) has successfully issued two USD-denominated bonds on 12 October 2016 for an aggregate amount of USD750 million and maturities of 5 and 10 years.

TAQA raised USD250 million in notes maturing on 22 June 2021 with a coupon of 3.625% and USD500 million in notes maturing 22 June 2026 with a coupon of 4.375%.The funds raised will be used for general corporate purposes and refinancing existing bonds.



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