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Dubai Electricity and Water Authority whispers guidance of low-3% area for $1 billion sukuk
By Christine Van Dusen
Atlanta, Feb. 26 - Dubai Electricity and Water Authority whispered guidance in the low-3% area for its offering of $1 billion Islamic bonds, a market source said.
Standard Chartered Bank, Citigroup, RBS, Emirates NBD, Dubai Islamic Bank and Abu Dhabi Islamic Bank are the bookrunners for the Regulation S deal.
The proceeds will be used to refinance debt and invest in company projects.
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