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Taqa CEO to address bondholders in London
DUBAI — The Abu Dhabi National Energy Company PJSC (Taqa) yesterday announced that its chief executive will be in London on April 23 to conduct an invitation-only briefing for bondholders of the UAE-headquartered group.
TAQA made an entry into the international capital markets in September 2006, pricing the largest ever straight bond issue from the Middle East — a three-tranche blowout totalling the equivalent of $3.5 billion that pulled $10 billion of demand.
The energy company, which invests in a range of power generation, upstream oil/gas, pipelines, LNG Regas, gas storage, and water plants, already has assets in excess of $13.8 billion.
TAQA, carries an Aa3 and A+ credit rating and was recently presented Emerging Market Deal of the Year and Middle East Corporate Bond of the Year 2006 awards by EuroWeek.
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