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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Emerging Trends more

Dewa issues price guidance for sukuk

Posted on 27 February 2013

Dubai Electricity and Water Authority has issued initial price guidance for a five-year, benchmark-sized Islamic bond, or sukuk, a document from lead arrangers said on Tuesday. The emirate’s sole utility provider is aiming to sell the dollar-denominated sukuk in the low 3 per cent area, the document said.
Benchmark-sized is typically understood to mean at least $500 million. Dewa is meeting fixed income investors in London and Asia this week ahead of the possible sukuk sale, which is due to price this week………………………………………..Full Article: Source

 
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