Home GCCEnergy Abu Dhabi’s Taqa lists dual-tranche bonds worth $1.5bn on ADX

Abu Dhabi’s Taqa lists dual-tranche bonds worth $1.5bn on ADX

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Abu Dhabi National Energy Company, better known as Taqa, has made a secondary listing of dual-tranche bonds valued at $1.5 billion on the Abu Dhabi Securities Exchange as its looks to diversify its funding sources.

The 10-year $1 billion tranche of senior unsecured notes, Taqa’s first green bond, matures in April 2033 and carries a coupon of 4.696 per cent. The five-year tranche of $500 million, maturing in January 2029, was issued as conventional bonds at a coupon rate of 4.375 per cent, the ADX said on Thursday.

In April, Taqa raised an…

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