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Prospect News home > News index > List of issuers A > Headlines for Abu Dhabi National Energy Co. PJSC (TAQA) > News item |
Abu Dhabi National Energy mandates five banks for benchmark dollar-denominated note offering
By Paul A. Harris
St. Louis, Sept. 8 - Abu Dhabi National Energy Co. mandated five banks to run its benchmark-sized, dollar-denominated offering of notes, according to a market source.
BNP Paribas, HSBC, Mitsubishi UFJ Securities, Morgan Stanley and Standard Chartered Bank will act as joint bookrunners for the Rule 144A and Regulation S offering.
Timing of the deal has not been announced. Pricing is subject to market conditions.
Moody's Investors Service assigned its Aa2 issuer rating to the company, which is 72.1% indirectly owned by the government of Abu Dhabi.
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