Browse
related articles
Taqa gains on bond issuances
- United Arab Emirates: Thursday, December 06 - 2012 at 14:30
The Abu Dhabi market measure ADXGI closed Thursday trading 0.10% lower at 2,674.21 points, mainly on small losses at the UAE's first telecom firm Etisalat and in the banking sector. Abu Dhabi National Energy Co. or Taqa advanced 0.77% to reach Dhs1.31. Earlier in the day, Taqa said it has finalized the issuance of $750m senior notes at 2.50% and due in Jan. 2018, and $750 senior (3.625%; Jan. 2023). The proceeds will be used to settle debt payments and for general business purposes. Last week, Taqa expanded its operations in the North Sea by buying assets from BP for more than $1bn.
Related Content
Article Options
Gérard Al-Fil, Financial JournalistThursday, December 06 - 2012 at 14:30 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / 4C.
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
