Dubai Electricity and Water Authority (DEWA) has picked banks to arrange a benchmark-sized Islamic bond, or sukuk, two banking sources told Reuters on Thursday.
The state-owned utility has picked Standard Chartered , Citigroup, RBS and local lenders Emirates NBD, Dubai Islamic Bank and Abu Dhabi Islamic Bank, the sources said. Benchmark bonds are typically at least $500 million in size………………………………………..Full Article: Source