Abu Dhabi’s TAQA completes $1.5bn dual-tranche bond sale
- Date: 03-May-2021
- Source: Gulf Business
- Sector:Financial Markets
- Country:UAE
Abu Dhabi’s TAQA completes $1.5bn dual-tranche bond sale
Integrated utilities company, the Abu Dhabi National Energy Company (TAQA), announced on Sunday the successful placement of an aggregate $1.5bn in 7-year and 30-year dual-tranche senior unsecured notes.
The 7-year notes, sized at $750m and maturing April 2028, were issued at a coupon rate of 2 per cent.
The 30-year notes, also sized at $750m and maturing April 2051, were issued at a coupon rate of 3.4 per cent.
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