Commentary & Deal Flow

Spread set at: Long Green 5yr: T+98bp - Books > US$3.2bn (excl. JLM) 10yr: T+108bp - Books > US$2.7bn (excl. JLM)
Book Update: Books > US$5bn (excl. JLM)
IPTs: Long Green 5yr: T+130a 10yr: T+140a

• Issuer: Abu Dhabi National Energy Company PJSC (“TAQA”)
• Issuer Legal Entity Identifier (LEI): 213800UNJSVQFNUYYW03
• Issuer Ratings: Aa3/AA by Moody’s/Fitch; both stable outlook
• Expected Issue Ratings: Aa3/AA by Moody’s/Fitch
• Status: Senior, Unsecured
• Format: 144A / Regulation S (Category 2), Registered Form
• Currency: US$
• Trade Date: 19-Oct-26
• Settlement Date: 26-Oct-26 (T+5)
• Maturity Date:
  • Long Green 5-Year: 26-Apr-32
  • 10-Year: 26-Oct-36
• Reference UST Benchmark:
  • Long Green 5-Year: T 5 30-Sep-31
  • 10-Year: T 45/8 15-Aug-36
• Interest Payment Dates:
  • Long Green 5-Year: 26 April and 26 October of each year commencing on 26-Apr-27
  • 10-Year: 26 April and 26 October of each year commencing on 26-Apr-27
• Use of Proceeds:
  • Long Green 5-Year: Financing Eligible Green Projects as described in TAQA’s Green and Blue Finance Framework
  • 10-Year: General Corporate Purposes
• Day Count Fraction: 30/360
• Joint Bookrunners & Joint Lead Managers: Abu Dhabi Commercial Bank, Citi, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Industrial and Commercial Bank of China, J.P. Morgan, Mashreq and Standard Chartered Bank
• Joint Green Structurers: Citi, HSBC and Standard Chartered Bank
• Billing and Delivery:
  • Long Green 5-Year: Citi
  • 10-Year: J.P. Morgan
• Listing: London Stock Exchange, Main Market
• Delivery: Rule 144A (DTC), Regulation S (Euroclear and Clearstream, Luxembourg)
• Denominations: US$200,000 and integral multiples of US$1,000 in excess thereof
• Documentation: US$20,000,000 Global Medium Term Note Programme
• Governing Law: English Law
• Investor Presentation: URL:https://dealroadshow.finsight.comEntry Code: TAQA2026 Direct Link:https://dealroadshow.finsight.com/e/TAQA2026
• Books Subject: 10.00 ET / 15.00 UKT / 18.00 UAE
• Notes: FCA/ICMA stabilisation applies.