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Try refreshing your browser, or Oman and Abu Dhabi State-Owned Companies to Issue Debut Bonds Back to video Omani state energy company OQ SAOC and Abu Dhabi Ports Co. PJSC are set to issue bonds in their first foray into the international fixed-income market. OQ is looking to raise at least $500 million as the government seeks to leverage some of its hydrocarbon assets to bolster its finances, according to people familiar with the matter. It has hired Citigroup Inc., HSBC Holdings Plc and JPMorgan Chase & Co. to work on the seven-year dollar bonds, which may be issued Wednesday, the people said. The initial yield talk is around 5.625%. ....
RIYADH: Omani state energy company OQ and Abu Dhabi Ports are set to issue bonds in their first foray into the international fixed-income market, Bloomberg reported. OQ is looking to raise at least $500 million, according to people familiar with the matter. It has hired Citigroup, HSBC Holdings and JPMorgan Chase to work on the seven-year dollar bonds. The initial yield talk is around 5.625 percent. The government wants to leverage some of its hydrocarbon assets to bolster its finances, the people said. Meanwhile, Abu Dhabi Ports is issuing 10-year bonds and has hired Citigroup, First Abu Dhabi Bank PJSC and Standard Chartered Plc to work on the deal, other people familiar with the matter said. ....
Oman and Abu Dhabi State-Owned Companies to Issue Debut Bonds Apr 29 2021, 12:46 AM April 28 2021, 2:35 PM April 29 2021, 12:46 AM (Bloomberg) (Bloomberg) Omani state energy company OQ SAOC and Abu Dhabi Ports Co. PJSC are set to issue bonds in their first foray into the international fixed-income market. OQ is looking to raise at least $500 million as the government seeks to leverage some of its hydrocarbon assets to bolster its finances, according to people familiar with the matter. It has hired Citigroup Inc., HSBC Holdings Plc and JPMorgan Chase & Co. to work on the seven-year dollar bonds, which may be issued Wednesday, the people said. The initial yield talk is around 5.625%. ....
UAE mulls sale of Taqaâs oil and gas assets, focusing on power generation By Dinesh Nair on 3/17/2021 Taqa s assets would likely bring less in a sale than they cost to assemble. (Bloomberg) - Abu Dhabi National Energy Co. is considering options for its oil and gas assets, including a potential sale, as the state-owned utility focuses more on power generation, people familiar with the matter said. The company, also known as Taqa, is speaking with potential advisers as it reviews a business that spans countries including the UK and Canada, the people said, asking not to be identified as the matter is private. Taqaâs oil and gas portfolio could be worth substantially less than the billions of dollars it spent to build it, the people said. ....
King Salman Energy Park signs tenant agreements with Taqa and Amco Staff Report/Dubai Filed on March 7, 2021 President and CEO of Spark, Saif Al Qahtani, said Spark is proud to welcome Taqa and Amco as they take the first step towards launching their operations. Supplied photo Taqa will establish a brand-new facility that will include oilfield services, a specialty facility for engineering and manufacturing, and a wireline and perforation center of excellence King Salman Energy Park (Spark), the region’s only fully integrated energy hub, on Sunday welcomed two new strategic investment in the oil and gas sector, Taqa and Amco. ....