Abu Dhabi National Energy Co (TAQA) has issued $1.75billion in bonds, split into a £750million seven year tranche and a $1billion 12 year tranche. Linklaters advised joint lead managers Citigroup, First Abu Dhabi Bank, HSBC, ING, Mizuho, Scotiabank and SMBC Nikko.

The bonds will be traded on the London Stock Exchange.

Jonathan Fried, Capital Markets partner at Linklaters, said:

    “This is the latest sizeable international debt sale by a Gulf and Middle East sovereign or sovereign-related entity since the start of the year. It has been a strong start to 2018.”

The Linklaters team was led by Capital Markets partners Jonathan Fried and Cecil Quillen and included senior associate Scott James and associate Peter Cullen.