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Dewa sees $1.5bn bond next month
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State-owned utilities firm Dubai Electricity and Water Authority (Dewa) expects its $1.5 billion bond to be completed by the beginning of next month, its chief executive said on Tuesday.
We hope to finalise it by the first week of April, Dewas chief executive Saeed Mohammed al Tayer told Reuters on the sidelines of a conference. Earlier, Dewas chairman said the bonds would be used to cover short-term financing.
Dewa abandoned plans to tap international debt markets after the state-owned conglomerate Dubai World in November said it would restructure about $26 billion of its debts |
| Time Added : 2010-03-09 14:47:23 |
Source :
tradearabia |
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