Taqa, also known as Abu Dhabi National Energy Co., is planning an $800 million bond sale in March to refinance a power and water plant, The National said, citing Chief Financial Officer Stephen Kersley.
The funds will refinance existing bank loans linked to the Shuweihat S2 plant in Abu Dhabi, The National said. “The market seems very enthusiastic to receive our paper and we expect a lot of interest as it is a landmark deal for the region,” Kersley told the paper.
To contact the reporter on this story: Shaji Mathew in Dubai at firstname.lastname@example.org
To contact the editor responsible for this story: Randall Hackley at email@example.com