By Abhinav Ramnarayan
LONDON, July 25 (IFR) - Abu Dhabi's Shuweihat 2 (S2), an independent power and water plant, has launched a USD825m 2036 senior secured bond at 6%, according to a lead.
The final terms are at the tight end of revised guidance of 6%-6.125%. On Tuesday, S2 set initial price thoughts of 6.25% area.
The maturity date is August 31, 2036, and the weighted average life is 21 years with 10 semi-annual repayments starting on February 2032.
The 144a/Reg S notes are rated A3 by Moody's and A- by Standard & Poor's. Pricing is expected later Thursday.
Citigroup, BNP Paribas, HSBC, Mitsubishi UFJ, National Bank of Abu Dhabi and Standard Chartered are the lead managers.
(Reporting By Abhinav Ramnarayan; editing by Sudip Roy)