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Published on 6/30/2009 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.

UAE's TAQA buys back $3 million more of its 6½% notes due 2036

By Susanna Moon

Chicago, June 30 - Abu Dhabi National Energy Co. PJSC, known as TAQA, said it purchased $3 million of its $1.5 billion 6½% notes due Oct. 27, 2036.

There is $912,487,000 of the bonds outstanding.

The issuer, a subsidiary of Abu Dhabi Water and Electricity Authority, is an Abu Dhabi, United Arab Emirates-based company that operates in the energy sector.


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