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GC Asia
Dewa to price sukuk on Thursday, targets 3.125% area
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 ...Already a subscriber? Login
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