DUBAI, April 20 (Reuters) - Abu Dhabi's TAQA is
expected to sell $1.5 billion in two-tranche bonds and tightened
guidance after receiving $5 billion in orders, roughly split
between the portions, a document showed on Tuesday.
Guidance was tightened to 85-90 basis points (bps) over U.S.
Treasuries (UST) for a seven-year tranche and 3.45% plus or
minus 5 bps for a 30-year Formosa portion, according to the
document from one of the banks on the deal, which is expected to
launch later on Tuesday.
(Reporting by Yousef Saba, editing by Louise Heavens)