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Dewa draws $17 bln demand for bond

Posted on 15 October 2010

From Tradearabia.com: State-owned Dubai utility Dewa drew hefty demand of $17 billion for a $2 billion two-tranche bond it launched on Thursday, helped by juicy yields and improved sentiment towards the debt-laden emirate.
Dubai Electricity and Water Authority’s six and 10-year bonds are its second issue this year and follow last month’s successful offering by its owner, the Dubai government……………………………………….Full Article: Source

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