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Dubai’s DEWA looking to raise $2 bln in bonds – lead

The pricing guidance for the 6-year (tranche) is 6.5 to 6.625 (percent).

October 14, 2010 9:01 by



State-owned Dubai Electricity and Water Authority is looking to raise $2 billion in its dual-tranche dollar bond, a source at one of the lead managers said on Thursday.

“The pricing guidance for the 6-year (tranche) is 6.5 to 6.625 (percent) and the 10-year is 7.5 to 7.625, and the overall size is looking like $2 billion,” the source said.

(Reporting by Martina Fuchs; Writing by Martin Dokoupil; Editing by Raissa Kasolowsky)



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