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The $1.75 billion bonds of Abu Dhabi National Energy Company (TAQA) will commence trading on the Abu Dhabi Securities Exchange (ADX) today, April 30, 2025.
The listing comprises the company’s dual-tranche offering of both conventional bonds and green bonds which were priced in October 2024.
The $900 million notes, maturing in 2031, are conventional bonds with a coupon rate of 4.375%. The proceeds of this tranche will be allocated for general purposes.
The $850 million notes, set to mature in 2037, are green bonds with a coupon rate of 4.75%. Proceeds of the green bond issuance will be earmarked to finance, refinance and invest in green projects.
(Writing by Cleofe Maceda; editing by Seban Scaria)
