This bond is the first part of a programme to raise up to $3bn to meet Masdar’s equity funding commitments on new renewable energy projects
The bonds were largely issued as part of TAQA’s Global Medium Term Note Programme and are listed on the London Stock Exchange
The issuance witnessed demand from regional and international investors, with a subscription order of $720m, more than two times the offer size
The issuance was more than 4.5 times oversubscribed
The London-listed company, Finablr, had a market value of GBP77m when it was halted from trading in March, down from a peak of GBP1.5bn in December
NMC Health said last month that they had uncovered $2.7bn of debt hidden from its board, doubling its borrowings to around $5bn