Abu Dhabi-listed TAQA Group has announced the pricing of $1.75 billion in dual-tranche senior unsecured notes, which will be listed on the London Stock Exchange (LSE).
The company issued a 12-year $850 million green bond at a 4.75% coupon rate maturing on March 9, 2037. The funds will support green projects, aligning with TAQA’s sustainability goals.
A separate seven-year $900 million bond, with a 4.375% coupon rate, will mature on October 9, 2031, and be used for general corporate purposes.
“TAQA’s latest green bond offering underscores our continued ability to secure competitive financing while advancing our ESG and decarbonisation agenda,” said Jasim Husain Thabet, TAQA’s Group CEO and MD. “This issuance, the second under TAQA’s Green Finance Framework, reflects the increasing investor appetite for credible green investments that align with our ambitious growth targets.”
Transaction finalisation is set for October 7, 2024, with settlement on October 9, 2024.
TAQA has secured $1.85 billion under its Green Finance Framework since 2023.
