Bond Adnoc Energy 6.5% ( US00386SAB88 ) in USD

Issuer	Adnoc Energy
Market price	100 % ▼
Country	United Arab Emirates
ISIN code	US00386SAB88 ( in USD )
Interest rate	6.5% per year ( payment 2 times a year)
Maturity	26/10/2036
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Minimal amount	100 000 USD
Total amount	912 487 000 USD
Cusip	00386SAB8
Standard & Poor's ( S&P ) rating	N/A
Moody's rating	Aa3 ( High grade - Investment-grade )
Next Coupon	27/10/2025 ( In 43 days )
Detailed description	Abu Dhabi National Energy Company PJSC (TAQA) is a publicly listed integrated utility company operating in the UAE and internationally, involved in power generation, water desalination, and oil & gas exploration and production. A noteworthy fixed-income instrument currently drawing investor attention is the bond issued by Abu Dhabi National Energy Company PJSC (TAQA), identifiable by ISIN US00386SAB88 and CUSIP 00386SAB8. Hailing from the United Arab Emirates, TAQA stands as a globally diversified energy and water company majority-owned by Abu Dhabi Power Corporation, itself a subsidiary of ADQ, one of the region's largest holding companies, with its operations spanning oil & gas, power generation, transmission and distribution, and water desalination, thereby underpinning its strategic importance in the UAE's energy landscape. This specific US dollar-denominated bond carries a compelling fixed annual interest rate of 6.5%, distributed through semi-annual payments, and is set to mature on October 26, 2036. The total issuance volume for this series amounts to an impressive USD 912,487,000, with a minimum purchase increment set at USD 100,000, catering primarily to institutional or high-net-worth investors. Currently trading at 100% of its par value, the bond reflects stable market demand. A significant factor contributing to its attractiveness is its exceptional credit quality, evidenced by a Moody's rating of Aa3, which signifies a very low credit risk, positioning the bond as a strong candidate for conservative portfolios seeking stable income and capital preservation from a prominent sovereign-linked entity in the energy sector.