Dubai Electricity and Water Authority (Dewa) has announced it has successfully raised a total of $2bn split across two tranches of $500m maturing in October 2016 at the initial price of 6.375 %, and $1.5bn maturing in October 2020 at the initial price of 7.375 %. The offering was a drawdown of the company’s existing $3bn Global Medium Term Note Programme (“GMTN”).