Global market volatility stalls TAQA sukuk offering
Abu Dhabi National Energy Company (TAQA) preparing up a RM3.5 billion sukuk program to mix funding sources, but it seems that the launch process is likely to take much longer given the prevailing changeable market conditions as a result of the fallout of the euro zone sovereign debt crisis and the downgrading of the US credit rating by Moody's Investors Service.
Mohammed Mubaideen, investor relations manager, TAQA, approved this statement.
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