Dewa to issue $1bn sukuk this month, picks banks
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Corporate Bonds

Dewa to issue $1bn sukuk this month, picks banks

Dubai Electricity & Water Authority has mandated banks as it looks to issue up to $1bn of sukuk this month. The state owned utility company has asked Abu Dhabi Islamic Bank, Citi, Dubai Islamic Bank, Emirates NBD, Royal Bank of Scotland and Standard Chartered to arrange the sale.

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