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Taqa Abu Dhabi National Energy launches $1.5 bln notes

Thu Jul 24, 2008 12:08pm EDT

NEW YORK, July 24 (Reuters) - Taqa Abu Dhabi National Energy TAQA.AD launched $1.5 billion of global notes in a two-part sale, with pricing expected later on Thursday, said International Financing Review.

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The offering includes a $1 billion five-year issue and a $500 million 10-year issue, both expected to yield 3.25 percentage points over U.S. Treasuries.

The sale had included a 30-year bond issue, but was dropped from the offering, said IFR, a Thomson Reuters publication.

The joint lead managers on the sale are Barclays Capital, NBAD and RBS Greenwich Capital. (Reporting by Caryn Trokie; Editing by Tom Hals)

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