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.
Share this article
More from Investment
More from Business
Popular in Business
-
General
Precious jump
Gold prices at new high as India's central bank buys $6.7b worth of gold
Business Editor's choice
-
UAE companies in full force at WTM
Seventy-eight participants are from Dubai and 50 from Abu Dhabi
-
DIFC committed to high standards
Ensures an efficient process to serve the business community
-
Sweet life in the Middle East
A sweet look at the confectionary industry in the UAE and Middle East
