Thursday, 5 December 2013

Abu Dhabi's TAQA invites banks ahead of potential bond - Bonds - ArabianBusiness.com

Abu Dhabi's TAQA invites banks ahead of potential bond - Bonds - ArabianBusiness.com:

"State-owned Abu Dhabi National Energy Co (TAQA) has sent out an invitation to banks to pitch for arranger roles on a possible international bond offering, according to sources.
TAQA was last in the market exactly a year ago, pricing a $2bn dual-tranche bond, which was managed by BNP Paribas , Citigroup, HSBC, National Bank of Abu Dhabi and Standard Chartered.
None of the big Abu Dhabi government-related entities - International Petroleum Investment Company, TAQA or Mubadala - have come to market this year, and demand for any one of them is likely to be extremely strong if they did, one Gulf-based debt capital markets banker said."

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