Abu Dhabi National Energy Company (Taqa) has completed a $2,000 million bond issue, split between a $1,500 million bond at 5.62 per cent due in 2012 and a $500 million bond at 6.165 per cent due in 2017.
The company says it will use the proceeds to finance acquisitions, including the purchase of Canada' PrimeWest Energy Trust for $5,000 million, announced in late September, and the $540 million purchase of Pioneer Natural Resources Canada.
You might also like...
Rainmaking in the world economy
19 April 2024
Oman receives Madha industrial city tender prices
19 April 2024
Neom seeks to raise funds in $1.3bn sukuk sale
19 April 2024
Saudi firm advances Neutral Zone real estate plans
19 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.
