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25/06/2013 18:29 AST
Abu Dhabi's Shuweihat 2 (S2) power plant has mandated six banks to help arrange a potential bond issue, lead arrangers said on Tuesday.
BNP Paribas, Citigroup Inc, HSBC Holdings , Mitsubishi UFJ Securities, National Bank of Abu Dhabi and Standard Chartered will arrange fixed income meetings in the United States, Europe, the Middle East and Asia ahead of a potential sale, arranging banks said.
A bond issue which would be open to institutional investors in the United States could follow during the course of 2013, subject to market conditions.
S2 is 54 percent owned by Abu Dhabi National Energy Co (TAQA). Abu Dhabi Water and Electricity Authority holds a 6 percent stake.
The remaining shareholding is split between a 20 percent stake held by France's GDF SUEZ, and a 10 percent ownership each by Marubeni Corporation and Osaka Gas Co.
CPI Financial
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07/07/2025
The Sultanate of Oman and the Kingdom of Saudi Arabia launched the second phase of industrial integration initiatives on Saturday in Riyadh, as part of the Economic, Trade, and Industry Committee un
Muscat Daily
07/07/2025
Oman's trade surplus fell sharply by 40.4% to RO1.849bn by the end of April this year, compared to RO3.1bn recorded during the same period in 2024, according to preliminary data released by the Natio
Muscat Daily
07/07/2025
Saudi Arabia's fast-growing quick commerce (Q-Commerce) platform Ninja has secured SAR1 billion in a major investment round led by Riyad Capital.
The funding, raised through the Riyad Pre-IP
Gulfnews
07/07/2025
Leading Sharjah developer Arada has announced the sale of The Observatory, the showpiece penthouse at its recently launched AED5 billion ($1.4 billion) wellness-focused branded residences project - A
Trade Arabia
07/07/2025
Expatriates seeking employment in Saudi Arabia will now be assessed under a newly introduced skill-based work permit system as the Kingdom moves to streamline its labor market and attract global tale
Arab News
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