TAQA not planning bond issue in 2010

ABU DHABI — Abu Dhabi National Energy Co, known as TAQA, has no plans to issue a bond this year, after reported meetings with investors since early June in the United States, Asia and Europe, a company executive said on Sunday.

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By (Reuters)

Published: Mon 21 Jun 2010, 11:39 PM

Last updated: Mon 6 Apr 2015, 4:58 PM

TAQA, majority owned by the government of Abu Dhabi, held a series of presentations throughout June to update investors, with each leg organised by different banks, IFR, a unit of Thomson Reuters, reported.

“It was a non-deal road show to provide investors updates of the company,” Mohamed Mubaideen, manager for investor relations at TAQA told Reuters by telephone.

“This year we don’t expect a bond issuance. The company does not require any financing at the moment,” he added. —

(Reuters)

Published: Mon 21 Jun 2010, 11:39 PM

Last updated: Mon 6 Apr 2015, 4:58 PM

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