Taqa demand fuels MENA appetite

December 07, 2011 12:00 AM

Two new $750m bonds issued on Monday by Abu Dhabi National Energy Co (Taqa) were well received by the market, with demand climbing over $7.5bn and allowing both deals to be tightened from guidance. And buying was relentless in secondary, too, with the bonds moving 10bp tighter and helping to drive interest in other quality MENA assets.

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