$2bn Dewa Islamic loan syndicates
London, February 19, 2008
State-owned utility Dubai Electricity and Water Authority (Dewa) has launched the first stage of syndication for its $2 billion, one-year Islamic loan, banking sources has said.
As previously reported, arranging banks are ABN AMRO, Dubai Islamic Bank investment arm Millennium Capital and Standard Chartered.
The deal, which will be used for expansion, is guaranteed by the government of Dubai.