Dewa gets tight 3% price for $1bn five year sukuk

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Dewa gets tight 3% price for $1bn five year sukuk

Dubai Electricity & Water Authority has priced a $1bn five year benchmark sukuk at a 3% profit rate. Leads launched the dollar denominated ijara (asset leasing) deal on Thursday morning, having tightened from it from earlier guidance in the 3.125% area.

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