taqa plans to raise 15b through bond sales
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Taqa plans to raise $1.5b through bond sales

Arab Today, arab today

Arab Today, arab today Taqa plans to raise $1.5b through bond sales

Abu Dhabi - Arabstoday

Abu Dhabi National Energy Company (Taqa) is looking to raise up to $1.5 billion (Dh5.50 billion) from bond sales to fund the company's general corporate needs and to repay any outstanding debt, a senior company official told Gulf News yesterday. "We still haven't finalised the bond offer. We are in the process of finalising it. When we do finalise, we will inform the market," said Mohammad Mubaideen, Investor Relations Manager. "The bonds will be issued in two tranches of five years and ten years. We have international banks helping us with the bond issue," Mubaideen added. Taqa's fiscal third-quarter net profit more than doubled, aided by higher crude oil prices. Article continues below Taqa, which is 75 per cent owned by the government of Abu Dhabi, reported a third-quarter net profit of Dh537 million for the quarter ended September 30, compared with Dh218 million a year ago. Taqa, which has stakes in several oil and natural gas producing fields worldwide, also runs power plants in Morocco, Saudi Arabia, Ghana, India and the US and now wants to start oil and gas operations in Northern Africa. Taqa's shares on the Abu Dhabi Securities Exchange ended 1.64 per cent lower yesterday at Dh1.21 on a bearish market.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

taqa plans to raise 15b through bond sales taqa plans to raise 15b through bond sales

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

taqa plans to raise 15b through bond sales taqa plans to raise 15b through bond sales

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday