02 May 2010
(MENAFN) Dubai Electricity and Water Authority (Dewa) said that it would list a $1 billion, five-year bond it issued in April on the Nasdaq Dubai exchange, Al-Ittihad reported reported.
Dewa’s bond was the first from Dubai since the emirate’s debt issues emerged and will pay a semi-annual coupon of 8.5 percent, the authority said last month.
Dewa’s Chief Executive, Saeed Mohammed Al Tayer, said that the authority is currently considering listing the bond issued in mid-April worth $1 billion for trading on the Nasdaq Dubai.
Since the Dubai World’s shocking announcement of in November that it needed to delay repayment on $26 billion in debt, Gulf firms have had difficulties tapping the debt market. However, the government’s overhaul plan for Dubai World announced in March has opened the door again for state-linked issuers.
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more