Abu Dhabi-Mubasher: The National Energy Co. (Taqa) is studying proposals from banks to refinance $1 billion of debt, maturing in October, well-informed sources told Bloomberg.
The company will decide in nearly one month whether to tap the loan or bond markets, the sources added.
Taqa has $1 billion in bonds, maturing 27 October, according to data compiled by Bloomberg.
The yield on the securities has dropped 35 basis points this year to 1.746% on Wednesday, the data showed.
The stock fell 4.6% to AED 0.41 on Abu Dhabi's bourse on Thursday, with a turnover of AED 7.8 million recorded from trading 19.14 million shares.
