by Amruth Sundarkumar | Jun 10, 2021 | China, Corporates
Chinese state owned China Southern Power Grid Co. is in early talks to acquire a 10% stake worth ~$4.2bn in Abu Dhabi’s flagship Abu Dhabi National Energy Co (TAQA – Arabic for energy). The transaction, if cleared, would be the biggest overseas acquisition...
by bondevalue | May 6, 2021 | Investment Grade Bonds
Abu Dhabi National Energy Company (TAQA) controlled by state-run ADQ delivered a strong performance for the quarter ending March 31, 2021. It reported revenue of AED 10.33bn ($2.8bn), up 3% boosted by higher commodity prices in the oil and gas sector. The EBITDA was...
by bondevalue | Apr 21, 2021 | Investment Grade Bonds
State-owned Abu Dhabi National Energy Company (TAQA) raised $1.5bn via a two-tranche bond issuance priced on Tuesday. It raised: $750mn 7Y bonds at a yield of 2.03%, 80bp over Treasuries and 30bp inside initial guidance of T+110bp area $750mn 30Y formosa at a yield of...
by bondevalue | Mar 25, 2021 | Investment Grade Bonds
Abu Dhabi National Energy Company, TAQA revealed a 10Y strategy that involves an AED 40bn ($10.9bn) additional investment to grow its UAE regulated asset base. In its 2030 Vision, TAQA said that it will aim for sustainable and profitable growth avenues to accelerate...
