It is due between 2023 and 2051

Taqa lists $8.25 billion in bonds in Abu Dhabi Securities Exchange

The Abu Dhabi Securities Exchange announced the secondary listing of the bonds issued by the Abu Dhabi National Energy Company "TAQA", worth $8.25 billion, in nine tranches, with a total value of $8.25 billion, with maturity between 2023 and 2051.


global program

The issuance of these bonds, which are mainly listed on the London Stock Exchange, comes within the framework of the global medium-term bond program issued by “TAQA”, with the volume of issuance of these bonds ranging between $500 million and $1.25 billion, with issuance tenures of 7 years. to 30 years.

These bonds come with fixed interest rates ranging between 2% and 6.5%, and will be distributed to investors twice a year.

The bonds are rated AA- by Fitch and Aa2 by Moody's.

The listing of these bonds would raise the number of debt and financing instruments offered on the Abu Dhabi Securities Exchange to 37.


prestige and confidence

Saeed Hamad Al Dhaheri, CEO of the Abu Dhabi Securities Exchange, said that the secondary listing of the bonds issued by “TAQA” with a value of 8.25 billion dollars confirms the position occupied by the Abu Dhabi Securities Exchange, and also highlights the high levels of confidence on the part of issuers of fixed income instruments in the capital market. Instruments of debt booming in Abu Dhabi.

He added: “We are pleased to provide the participants in the financial market with a wider range of securities and investment tools, in line with the objectives of the (ADX One) strategy, through which we aspire to enhance the levels of liquidity in the market, and expand the range of its portfolio of products and services in parallel with attracting more international investors.” .


cash injection

For his part, Jassim Hussein Thabet, Group CEO and Managing Director of Abu Dhabi National Energy Company “TAQA”, said that listing nine bonds issued by “TAQA” on the Abu Dhabi Stock Exchange is an important achievement for both institutions, as it contributes to pumping more liquidity. Within the local and regional investment market, and strengthening the debt capital market in Abu Dhabi.

He added: “At TAQA, we are proud to be a company based in the Emirate of Abu Dhabi, and we consider this a key factor in stimulating our growth strategy, at a time when expanding the scope of investment opportunities to include stakeholders in various parts of the emirate will contribute to the development of local capital markets, while the UAE is witnessing Steady economic growth year after year.

He continued, "With our strong balance sheet and ambitions for further growth, we are fully confident in TAQA's ability to continue creating value in the Emirate of Abu Dhabi by driving the booming utilities sector forward."

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