Thursday 20 October 2016
Dubai utility

Dewa draws $17 billion demand for bond

State-owned Dubai utility Dewa drew hefty demand of $17 billion for a $2 billion two-tranche bond it launched on Thursday, helped by juicy yields and improved sentiment towards the debt-laden emirate. Dubai Electricity and Water Authority'


Dewa reopens debt market with $1bn bond

Dubai Electricity and Water Authority (Dewa) has placed a $1 billion, five-year bond, the first bond from Dubai since its debt troubles emerged.    The bond will pay a semi-annual coupon of 8.5 percent, Dewa said. "


Dubai utility to spend $1.75bn

The Dubai Electricity and Water Authority (Dewa) has budgeted 6.42 billion dirhams ($1.75 billion) to complete ongoing projects and begin new ones, the utility's chief executive, Saeed Mohammed Al-Tayer, was quoted as saying. The Dewa fund


Dubai utility rejects $2bn debt repayment reports

State-owned utility Dubai Electricity & Water Autority (Dewa) rejected a report that credit downgrades of government-owned firms could lead to an accelerated payment clause for $2 billion of its debt. 'This is incorrect, people are

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