Mid East revival continues with DEWA refi

Bankers are pressing ahead with the refinancing a $2.2bn facility for Dubai Electricity & Water Authority (DEWA), in a further sign of tentative recovery in the Middle East loan market following Borse Dubai’s recent launch.

  • 29 Jan 2009
The deal for DEWA, which is structured as an Islamic Ijara loan and benefits from a guarantee from the Dubai government, won some praise from bankers for its timing. The facility is set to replace a $2.2bn loan which was signed and funded in April 2008, and the ...

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