Dewa to sell $1bn of bonds
United Arab Emirates: Thursday, May 08 - 2008 at 07:20
The Dubai Electricity and Water Authority (Dewa) is to sell $1bn of bonds backed by customer bills as it seeks to increase power capacity, reported Bloomberg. The utility has said it intends to increase generating capacity to 9,500 megawatts by 2010 from about 5,000 megawatts. Dewa's floating-rate notes due in 2036 are part of a $4bn borrowing program.
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Jeff Florian, Senior ReporterThursday, May 08 - 2008 at 07:20 UAE local time (GMT+4)
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