Abu Dhabi’s TAQA anticipated to promote $1.5 billion in bonds: doc By Reuters
DUBAI (Reuters) – Abu Dhabi’s TAQA is anticipated to promote $1.5 billion in two-tranche bonds and tightened steering after receiving $5 billion in orders, roughly break up between the parts, a doc confirmed on Tuesday.
Steering was tightened to 85-90 foundation factors (bps) over U.S. Treasuries (UST) for a seven-year tranche and three.45% plus or minus 5 bps for a 30-year Formosa portion, in response to the doc from one of many banks on the deal, which is anticipated to launch afterward Tuesday.
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