In Brief - Middle East
- From: Vol 9, Issue 8 (August 2008)
- Category: Brief
- Region: Middle East
- Country: United Arab Emirates
- Related Companies: Abu Dhabi National Energy Co, Abu Dhabi National Energy Company (TAQA), Barclays, ERI, Tahal Group, Water Authority , West Bank and Whitewater
* TAQA has continued its funding spree, following the AED4.15 billion 3-month mandatory convertible launched in June.
The Abu Dhabi National Energy Company raised USD1 billion of 6.60% five-year notes and USD500 million of 7.25% 10-year notes in late July via Barclays, NBAD and RBS, both at +325 basis points over Treasuries. TAQA is also in the process of negotiating a new USD3 billion 3-year credit facility.
* ERI will provide the energy recovery technology for ...
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