DEWA’s $2 billion bond bonanza
- From: Vol 11, Issue 10 (October 2010)
- Category: General
- Region: Middle East
- Country: United Arab Emirates
- Related Companies: Dubai Electricity and Water Authority
The Dubai Electricity and Water Authority has extended the average maturity of its debt profile by tapping into robust demand from fixed-income investors. It has a lot of short-term commitments to meet.
The Dubai Electricity and Water Authority made a triumphant return to the international bond markets on 14 October, raising $2 billion of new debt at historically low yields into more than $13 billion of investor demand.
“There were well in excess of 500 investors involved in the order-book,” a source close to the deal told GWI. “At the moment, the ...
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