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Dewa draws $17 billion demand for bondState-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' More… |
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Dewa reopens debt market with $1bn bondDubai 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. " More… |
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Dubai utility to spend $1.75bnThe 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 More… |
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Dubai utility rejects $2bn debt repayment reportsState-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 More… |
