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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

Abu Dhabi’s Taqa sets up $1.1 bln Sukuk program

Posted on 03 October 2011

Abu Dhabi National Energy Co. set up a 3.5 billion Malaysian ringgit ($1.1 billion) sukuk program as the state-controlled utility known as Taqa diversifies its financing options.
“The program will allow Taqa to issue quickly if and when the market conditions are optimal,” the company said in a statement to the Abu Dhabi bourse today. The sale will be Taqa’s first ringgit sale, according to Bloomberg data……………………………………….Full Article: Source

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