UPDATE 1-Abu Dhabi's TAQA to issue $1.75 bln dual-tranche bond:
"Abu Dhabi National Energy Co (TAQA) is to issue $1.75 billion in bonds split into a $750 million seven-year tranche and a $1 billion 12-year tranche, a document from one of the banks leading the deal showed. The bond issue, expected to price later on Monday, is the latest sizeable debt sale out of the Gulf, which last week flooded international debt capital markets with about $24 billion in new paper. Saudi Arabia completed an $11 billion deal and Qatar followed with a $12 billion transaction. TAQA, a state-controlled oil explorer and power supplier, has received orders in excess of $8.25 billion for the planned bonds."
'via Blog this'
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