Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Taqa Raises 650 Million Ringgit From Islamic Bond Sale

Feb. 26 (Bloomberg) -- Abu Dhabi National Energy Co., the utility known as Taqa, said it raised 650 million ringgit ($215 million) from the sale of Islamic bonds.

The 10-year sukuk was sold at a profit rate of 4.65 percent, the company said in a statement to the Abu Dhabi bourse today. Standard Chartered Saadiq Berhad was the lead arranger for the transaction.

The bonds were part of the 3.5 billion ringgit program the company set up in November.

Link to Company News:{TAQA UH <Equity> CN <GO>}

To contact the reporter on this story: Inal Ersan in Dubai at iersan@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.