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Dewa bond a vote of confidence: analyst

Posted on 19 April 2010

From Business24-7.ae: The price of the Dubai Department of Finance’s 2014 Islamic bond, issued last November, increased significantly and yields dropped by more than 40 basis points (bps) during the issuance of Dewa’s $1 billion (Dh3.67bn) bonds, as markets anticipate positive trends in Dubai’s economy.

Dewa’s bond, maturing in 2015, was more than 11 times oversubscribed on Thursday by investors in the United States, Europe, Asia and the Middle East in just two hours and 15 minutes…………………………………..Full Article: Source

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