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Taqa’s $750m bond issue seen to be oversubscribed

: Wednesday, April 30 - 2014 @ 10:08

Abu Dhabi National Energy Co (Taqa) is set to price a $750m bond with a 10-year lifespan, with interest from investors covering the size of the transaction more than three times, Reuters has reported, citing arranging banks. Order books for the deal are close to $2.5bn, a document from lead managers said. Taqa, rated A3/A, said last week it was meeting investors ahead of a possible bond issue.

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Wednesday, April 30- 2014 @ 10:08 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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