Taqa’s five and 10 year bonds may price this week
Taqa is selling a dual tranche dollar deal that could price this week. The January 2018s and January 2023s are being arranged by BNP Paribas, Citi, HSBC, National Bank of Abu Dhabi and Standard Chartered Bank.
Taqa has outstanding 2017s trading at a Z-spread of 191bp, 2018s at 187bp over and 2021s at 207bp over.
The roadshow for the deal finished in New York and Singapore on Tuesday (December 4).
Taqa is 51% owned by Abu Dhabi Water and Electricity Authority, a government authority. Taqa
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