| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers Tenders > Headlines for 2021 > News item |
Abu Dhabi’s TAQA gives results of any-and-all tender offers
Chicago, April 28 – Abu Dhabi National Energy Co. PJSC (TAQA) announced the results of its cash tender offers for two series of notes that were part of an any-and-all offer by the company, according to a press release on Wednesday.
Separately, the company has a capped offer for a different series of notes. The early tender deadline for the capped offer is May 6, as previously reported.
In the any-and-all offers, the company was offering to purchase for cash any and all of the $750 million outstanding 3 5/8% notes due June 2021 (Cusip: 00388WAD3) and any and all of the $750 million outstanding 5 7/8% notes due December 2021 (Cusip: 00386SAJ1).
As of the 5 p.m. ET April 27 expiration deadline, the company received and accepted tenders of $363.27 million of the 3 5/8% notes and $348,688,000 of the 5 7/8% notes.
The company was offering $1,006.40 per $1,000 note for the 3 5/8% notes and $1,038 per $1,000 note for the 5 7/8% notes.
Settlement is expected for April 30.
After settlement, there will be $386,730,000 of the 3 5/8% notes outstanding and $401,312,000 of the 5 7/8% notes outstanding.
The guaranteed delivery deadline is 5 p.m. ET on April 29 with guaranteed delivery settlement set for April 30.
Details
BNP Paribas (+33 1 55 77 78 94, liability.management@bnpparibas.com), HSBC Bank plc (+44 20 7992 6237, LM_EMEA@hsbc.com), MUFG Securities EMEA plc (+44 20 7577 4218, 1 877 744-4532, 212 405-7481, DCM-LM@int.sc.mufg.jp) and SMBC Nikko Capital Markets Ltd. (+44 20 3527 7545, LM.EMEA@smbcnikko-cm.com) are the joint dealer managers for the tender offers.
Lucid Issuer Services Ltd. is the tender and information agent (+44 20 7704 0880, taqa@lucid-is.com, https://deals.lucid-is.com/taqa).
The government-controlled energy holding company has operations in power generation, water desalination, upstream oil and gas, and gas pipelines.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.