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ABU DHABI, United Arab Emirates - Abu Dhabi National Energy Company PJSC (TAQA) has successfully issued two USD-denominated bonds on 12 October 2016 for an aggregate amount of USD750 million and maturities of 5 and 10 years.


TAQA raised USD250 million in notes maturing on 22 June 2021 with a coupon of 3.625% and USD500 million in notes maturing 22 June 2026 with a coupon of 4.375%.

The funds raised will be used for general corporate purposes and refinancing existing bonds.

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About TAQA

TAQA is an international energy and water company listed in Abu Dhabi operating in 11 countries across four continents. The word TAQA means energy in Arabic.

TAQA strives to run its company safely and sustainably, operating to the highest ethical standards. The company is proud to align its strategy to Abu Dhabi's Economic Vision 2030, a road map for a sustainable economy with a focus on knowledge-based industry.

TAQA has investments in power generation, water desalination, oil and gas exploration and production, pipelines and gas storage. The company's assets are located in Canada, Ghana, India, Iraq, Morocco, Oman, Saudi Arabia, the United Arab Emirates, Kurdistan Region of Iraq, Netherlands, United Kingdom and United States.

TAQA - Abu Dhabi National Energy Company PJSC published this content on 13 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 October 2016 05:24:02 UTC.

Original documenthttps://www.taqaglobal.com/media/media-releases/taqa-issues-usd250m-and-usd500m-bonds

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