IN BRIEF – MIDDLE EAST
- From: Vol 8, Issue 11 (November 2007)
- Category: Brief
- Region: Middle East
- Country: Israel and United Arab Emirates
- Related Companies: Barclays, Blue Green Investment and Development, Citigroup, Dubai Islamic Bank, Moody’s, Mushrif Trading and Contracting Co, Siemens and WaterSheer Ltd
* Following the assignation of an A1 rating by Moody’s, Dubai Electricity & Water Authority (DEWA) has been on an international road show to market its inaugural dollar-denominated sukuk bond.
The deal, said to be a $2.5 billion two-parter with tranches at 5 and 10 years, is believed to be in the hands of Barclays, Citigroup and Dubai Islamic Bank, and follows DEWA’s recent $1 billion securitisation.
* Moody’s also assigned an A2 long-term foreign currency rating to Oman Power & Water Procurement Company S.A.O.C. (OPWP ...
Subscription required
To read this full article you must be subscribed to Global Water Intelligence.
Subscribe Now, Sign up for a Free Trial or Log In
