Abu Dhabi National Energy Company (Taqa) launched a $2 billion two-part bond on Wednesday, arranging banks said, with final pricing tighter than earlier indicated due to strong demand for the deal.

The company, 75-per cent owned by the Abu Dhabi government, will sell a $750 million bond maturing 2018 at a spread of 200 basis points over US Treasuries and a $1.25 billion bond maturing 2023 at 210 basis points over US Treasuries.

Taqa had issued slightly wider guidance for both tranches earlier on Wednesday.

BNP Paribas, Citigroup, HSBC Holdings , National Bank of Abu Dhabi and Standard Chartered are mandated bookrunners on the deal.-Reuters