Dewa to price sukuk on Thursday, targets 3.125% area

27 Feb 2013

Dubai Electricity & Water Authority has revised profit guidance from the low 3% to 3.125% area on its prospective five year benchmark sukuk. The dollar denominated ijara (asset leasing) deal, which could be as large as $1bn, is set to be priced on Thursday.

London books will go subject at the close of business on Wednesday, with the Middle East and Asia following on Thursday morning.

State-owned utility company Dewa has asked Abu Dhabi Islamic Bank, Citi, Dubai Islamic Bank, Emirates NBD, Royal Bank of Scotland and Standard Chartered to arrange the ...

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