Dewa raises $2bn bonds

16 October 2010

Dubai Electricity and Water Authority (Dewa) has raised six and 10 year bond issue

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”).

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