DUBAI, April 19 (Reuters) - Abu Dhabi National Energy
Company (TAQA), owned by Abu Dhabi state-owned holding
company ADQ, has hired banks to arrange a dual-tranche bond
issuance comprising a seven-year tranche and 30-year Formosa
paper, a document showed on Monday.
It also announced a tender offer for 3.625% notes due in
2021 and 5.875% paper also due this year, as well as 3.625%
notes due in 2023, the document from one of the banks on the
deal showed.
Citi and HSBC were hired as global coordinators for the new
bonds. They will hold investor calls starting on Monday, along
with Bank of China, First Abu Dhabi Bank,
HSBC, Mashreq, Mizuho and MUFG
. An bond issue will follow, subject to market
conditions.
BNP, HSBC, MUFG and SMBC Nikko are
arranging the tender offer.
(Reporting by Yousef Saba, editing by Louise Heavens)
HSBC Holdings (HSBA)