Taqa Plans $800 Million Bond Sale Next Month, CFO Tells National

Taqa, also known as Abu Dhabi National Energy Co., is planning an $800 million bond sale in March to refinance a power and water plant, The National said, citing Chief Financial Officer Stephen Kersley.

The funds will refinance existing bank loans linked to the Shuweihat S2 plant in Abu Dhabi, The National said. “The market seems very enthusiastic to receive our paper and we expect a lot of interest as it is a landmark deal for the region,” Kersley told the paper.

To contact the reporter on this story: Shaji Mathew in Dubai at shajimathew@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.