11.01.2013 - Dewa Sukuk sets bullish tone to Gulf markets
One of the first big bond issues from a state-owned company in the Gulf this year is likely to set a bullish tone for the market so bullish, some market participants believe, that it might price inside the sovereign. Dubai Electricity and Water Authority (Dewa) plans to issue up to $1 billion (Dh3.67 billion) of sukuk in the first quarter, using the proceeds to refinance existing debt and invest in its projects, Chief Executive Saeed Mohammad Al Tayer said on Tuesday...............................................Full Article: Source
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