Wednesday 8 June 2016

Taqa to seek debt refinance abroad | The National

Taqa to seek debt refinance abroad | The National:

"Abu Dhabi National Energy Company will this week start doing the rounds of potential bond investors as it seeks to refinance a maturing portion of its large debt load.

The company, which is known as Taqa, announced through the Abu Dhabi Stock Exchange that it would start making presentations to investors this week.

Taqa, a majority government-owned utility with overseas oil, gas and power interests, said it could not confirm its bank syndicate for the bond issue, the “roadshow" schedule or the amount.

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