TAQA pulls in $1.75B bond sale, with $850M earmarked for green projects
What's the deal? Abu Dhabi National Energy Company (TAQA)Dealroom has a profile for this one. Try Dealroom → raised $1.75 billion through a dual-tranche US dollar bond sale, pairing general-purpose funding with a labelled green tranche. The deal split into a five-year green bond and a 10-year conventional tranche.
By the numbers: The sale drew more than $6.2 billion in orders, letting TAQA price both tranches inside initial guidance. The $850 million, 12-year green tranche extends a sustainable-finance programme the utility launched in 2023.
Who's TAQA? Founded in 2005 and headquartered in Abu Dhabi, the company operates across power generation, water desalination, and oil and gas production. It is one of the region's largest listed utilities.
How it stacks up: At $1.75 billion, the issuance ranks in the 96th percentile of post-IPO debt raises in the UAE energy sector over the past four years, across 456 comparable deals.
What's the endgame? The raise feeds TAQA's expanding investment across power, water, and networks. It is one step in a broader labelled-debt strategy — in July 2026, the company raised $750 million via a five-year blue bond for water and wastewater projects.
The signal: TAQA's repeated use of green and blue bonds shows how Gulf utilities are tapping sustainable finance to fund energy-transition spending. Strong investor demand suggests appetite for labelled debt from state-linked energy issuers remains deep.
Read more: article.wn.com
Image credit: Daquella manera
