Dubai: The Abu Dhabi utility company Taqa has priced its $1.75 billion bond issue, which will be split into a 7- and 12-year dual-tranche senior unsecured notes.
The 12-year notes, of $850 million and maturing March 9, 2037, carry a coupon rate of 4.75%. This will be Taqa’s second green bond issuance and net proceeds will go to finance, refinance and invest in ‘relevant eligible green projects’ as per the company’s ‘geen finance framework”.
The 7-year notes, of $900 million and maturing October 9, 2031, are conventional bonds bearing a coupon of…
