Gulf News reported that Abu Dhabi National Energy Company has issued two bonds of 5 year and 10 year maturity to raise USD 1.5 billion.

TAQA has finalized the issuance of USD 750 million, 4.125% senior notes due in March 2017 and USD 750 million of 5.875% senior notes due in December 2021. The proceeds of the offering, net of applicable expenses, will be used to repay borrowings under our credit agreement and for general corporate purposes.

Mr Mohammad Mubaideen Investor Relations Manager at TAQA said that "The bonds have been allocated to the investors this morning according to the order book."

(Sourced from gulfnews.com)