UAE’S energy group Taqa issues $8.25bn bonds on ADX

RIYADH: Abu Dhabi National Energy Co., known as Taqa, has listed nine bonds on Abu Dhabi Securities Exchange valued at $8.25 billion.

The bonds, scheduled to mature between 2023 and 2051, range from $500 million to $1.25 billion in size, with maturities ranging from seven to 30 years, the bourse said.

Taqa’s bonds were listed on the London Stock Exchange and were largely issued as part of the company’s global medium-term note program.

They have been assigned an “AA-” rating by Fitch and an “Aa2” rating by Moody’s, ADX said.