04.02.2013 - Dubai's DEWA said to pick banks for sukuk
Dubai Electricity and Water Authority (DEWA) has picked banks to arrange a benchmark-sized Islamic bond, or sukuk, two banking sources have told Reuters. 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 $500m in size.........................................Full Article: Source
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