GulfBase Live Support
Leave a message and our representative will contact you soon
10/05/2016 05:35 AST
Abu Dhabi National Energy Company (Taqa) is the latest entity from the region considering an international bond, according to several sources.
The company sent an RFP to banks recently, which was due on May 8.
If Taqa issues, it would follow in the footsteps of the sovereign, which raised $5 billion (Dh18.4 billion) last month through a dual-tranche offering.
Another state-owned Abu Dhabi company, Mubadala, is in the market on Monday with a $500 million seven-year bond, which it has begun marketing at 170bp area over mid-swaps.
Oil investment fund, IPIC, is also rumoured to be considering a deal at some point, though the timing is uncertain given its dispute with Malaysian state-owned vehicle 1MDB. IPIC was eyeing a trade in euros, according to a Reuters report last month.
The currency for any Taqa deal is unknown, though one source reckoned it would most likely be dollars.
Gulfnews
09/02/2018
Abu Dhabi National Energy Company (Taqa) has registered a Dh171 million ($46.5 million) net profit in 2017 compared to a Dh19 billion ($5.2 billion) loss the previous year, primarily on the back of h
Trade Arabia
23/11/2017
Abu Dhabi National Energy Co is talking to banks to obtain loan facilities of up to $1.3 billion which would refinance maturing debt after the Abu Dhabi government declined to approve a planned bond
Reuters
09/11/2017
Abu Dhabi National Energy Company (Taqa), a leading global energy company headquartered in Abu Dhabi with operations in 11 countries, today announced a total revenue of Dh12.5 billion ($3.40 billion)
Trade Arabia
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
RIBL | 13.83 | 1,519,548 |
JARIR | 177.89 | 111,251 |
STC | 83.41 | 257,644 |
DARALARKAN | 13.47 | 74,648,349 |
Ticker | Price | Change |
---|---|---|
PETRORABIGH | 25.42 | 0.41 (1.63 |
BAHRI | 31.56 | -0.29 (-0.92 |
DANA | 0.96 | -0.02 (-2.05 |
ADNOCDIST | 2.64 | 0.07 (2.72 |
ALDREES | 26.08 | -0.31 (-1.18 |
05/04/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
04/04/2018
Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o
The Peninsula
04/04/2018
Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than
Gulf News