• 15 Jun 2016
  • Global

TAQA issues 5 Year and 10 Year Bonds

ABU DHABI, United Arab Emirates – Abu Dhabi National Energy Company PJSC (TAQA) has finalised the issuance of USD $500 million 3.625% senior notes due in June 2021 and USD $500 million 4.375% senior notes due in June 2026.The proceeds of this issuance will be used for general corporate purposes and to pay back the USD $ 1 billion bond maturing in October 2016. The lower interest rates will reduce TAQA’s corporate financing costs.- ENDS -About TAQATAQA is an international energy and water company listed in Abu Dhabi operating in 11 countries across four continents. The word TAQA means energy in Arabic.TAQA strives to run its company safely and sustainably, operating to the highest ethical standards. The company is proud to align its strategy to Abu Dhabi’s Economic Vision 2030, a road map for a sustainable economy with a focus on knowledge-based industry.TAQA has investments in power generation, water desalination, oil and gas exploration and production, pipelines and gas storage. The company’s assets are located in Canada, Ghana, India, Iraq, Morocco, Oman, Saudi Arabia, the United Arab Emirates, Kurdistan Region of Iraq, Netherlands, United Kingdom and United States.

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