Dewa on course for Dh4bn sukuk in first quarter

Dubai Electricity and Water Authority (Dewa) has reaffirmed it is planning to issue a sukuk worth around Dh4bn ($1.09bn) in this year’s first quarter and that it is in talks with banks to arrange the deal. Dewa will use proceeds to refinance existing debt and invest in projects.

  • 11 Jan 2013
There have been market rumours that Dewa might look to issue a new sukuk since June 2012. The company has previously indicated it was looking at the first quarter of 2013, but investors note that Dewa would not need much of a run-up or roadshow so could come ...

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