Wednesday 23 July 2014

Dubai utility repays $871m Islamic bond

Dubai, June 18, 2013

Dubai Electricity and Water Authority said on Tuesday it had repaid a 3.2 billion dirhams ($871.2 million) Islamic bond on June 17.
"The payment of the maturity proceeds along with interest was made on June 17, 2013," Dewa said in a statement to Nasdaq Dubai.
The sukuk was initially issued in June 2008, the state utility said. It did not mention the interest payment in the statement.-Reuters

Tags: Water | Dubai | Electricity | Islamic bond |

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