Abu Dhabi National Energy Company (TAQA) will begin trading its $1.75 billion bonds on the Abu Dhabi Securities Exchange (ADX) today, 30th April 2025.
The listing includes the company’s dual-tranche issue of both conventional and green bonds, which were priced in October 2024.
The conventional bonds, worth $900 million and maturing in 2031, have a coupon rate of 4.375%. The funds raised from this tranche will be used for general purposes.
The green bonds, totalling $850 million and maturing in 2037, offer a coupon rate of 4.75%. The proceeds from this issuance will be dedicated to financing, refinancing, and investing in green projects.
