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Taqa plans $6bn bond sale
- United Arab Emirates: Wednesday, October 31 - 2007 at 10:05
Abu Dhabi National Energy (Taqa) may sell up to $6bn worth of bonds early next year to pay for acquisitions if credit markets improve, reported Reuters. Group Vice President for Acquisitions Manu Mehra said the company has has already paid $4.5bn for acquisitions totalling $10.5bn that have been announced in the last year. The bond sale would be used to pay for the remaining acquisitions, subject to third party approvals and market conditions.
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Jeff Florian, Senior ReporterWednesday, October 31 - 2007 at 10:05 UAE local time (GMT+4)
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