Business | Investment
Taqa Dh4.15b convertible bonds open to non-shareholders
Abu Dhabi National Energy Co., the state-controlled investment company known as Taqa, said its planned dh4.15 billion ($1.13 billion) sale of convertible bonds next month will be open to external investors.
- Bloomberg
- Published: 15:06 June 12, 2008
Abu Dhabi: Abu Dhabi National Energy Co., the state-controlled investment company known as Taqa, said its planned dh4.15 billion ($1.13 billion) sale of convertible bonds next month will be open to external investors.
"Subscription in the bonds will not be restricted to the company shareholders as they will be offered to the shareholders and other investors,'' Taqa said in a statement to the Abu Dhabi Securities Exchange.
Taqa on June 10 said its directors approved a plan to sell convertible bonds to those who own the company's shares on June 16.
The sale will open July 1 and close July 10, it said.
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