Abu Dhabi’s partially-privatized energy firm Taqa has issued $500mn in bonds to repay some outstanding debt, according to a 29 September announcement on the Abu Dhabi Securities Exchange (ADX). Taqa said the senior unsecured notes are due in October 2049 and will carry a coupon and re-offer yield to maturity of 4.0%. The company’s latest interim consolidated financial statement says that Taqa’s total liabilities as of the end of June amounted to AED88.229nm ($24.07bn), down...
Taqa Issues $500mn In Bonds
Published on Fri, 04 Oct 2019 - Volume: 62 Issue: 40Print
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