| Abu Dhabi National Energy Company (Taqa) has launched a tender offer for its $1.5 billion bond maturing 2012 and mandated four banks for a new bond issue to partly refinance the existing debt maturity.
Taqa, which is 75 per cent owned by the government of Abu Dhabi, has picked Bank of America, RBS, Standard Chartered and Mitsubishi UFJ to arrange investor meetings in Asia, London and the US after which the company may issue a bond under its global medium term notes programme, "subject to market conditions."..............................................Full Article: Source
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