Abu Dhabi National Energy Company

TAQA issues $215m sukuk

Abu Dhabi National Energy Company has successfully ended a $215 million sukuk issuance as part of its MYR3.5 billion sukuk program established in November 2011.
The issue gathered strong interest from a well-diversified group of top Malaysian asset management companies and quality Islamic investors. The 10-year sukuk has been raised with a profit rate of 4.65 percent with a full swapped rate to dollars of 5.3 percent.
Standard Chartered Saadiq Berhad was the lead arranger in this transaction.

Syndicate content