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Dewa refutes bond repayment reports

Posted on 11 December 2009

From Business24-7.ae: Dubai Electricity and Water Authority (Dewa) has shrugged off reports saying it may have to repay $2 billion (Dh7.34bn) of bonds earlier than the maturity as purely speculative.

A senior official from the utility firm said there is no possibility for lenders to ask for an early repayment according to terms originally agreed………………………………Full Article: Source

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