Reuters logo
Abu Dhabi's TAQA picks banks for potential bond sale -lead arrangers
November 29, 2012 / 4:11 AM / 5 years ago

Abu Dhabi's TAQA picks banks for potential bond sale -lead arrangers

DUBAI, Nov 29 (Reuters) - Abu Dhabi National Energy Co (TAQA), the state-owned firm which is buying a number of BP’s North Sea assets, has hired five banks to arrange investor meetings ahead of a potential benchmark-size bond sale, lead arrangers said.

TAQA, in which the Abu Dhabi government owns a majority stake, picked BNP Paribas, Citigroup Inc, HSBC Holdings, National Bank of Abu Dhabi and Standard Chartered Plc to arrange investor meetings in Asia, London, and the United States.

A potential benchmark-size dollar-denominated bond may follow after investor meetings, a document from lead arrangers said on Thursday.

Benchmark-size offerings are typically at least $500 million in size.

On Wednesday, TAQA said it was buying some of BP’s North Sea assets for over $1.3 billion.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below