UAE'S Taqa mandates banks for debt issue

Abu Dhabi National Energy Co TAQA.AD, also known as Taqa, mandated five banks to sell a benchmark-sized bond off of its global medium-term note program, a market source told Reuters on Tuesday.

Taqa, which is indirectly owned by the government of Abu Dhabi, named BNP Paribas, HSBC, Mitsubishi UFJ, Morgan Stanley, and Standard Chartered as joint bookrunners for the deal, the source said.

The United Arab Emirates is rated Aa2 by Moody's Investors Service.END