Dubai's Dewa delays $1.5bn bond sale

18 January 2010

Saeed Mohammed al-Tayer, CEO of Dubai Electricity & Water Authority (Dewa) has said the sale of a $1.5bn bond has been delayed to the second quarter, as credit markets remain unattractive, Bloomberg has reported. 'Not only us, all over the UAE' companies have delayed bond sales, he said.

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