BUSINESS

Dubai's DEWA Repays AED3.2 Bln Islamic Bond

Tuesday, Jun 18, 2013DUBAI (Zawya Dow Jones)--State utility Dubai Electricity and Water Authority, or DEWA, on Tuesday said it repaid a AED3.2 billion ($871 million) Islamic bond that was issued in June 2008."The payment of the maturity proceeds along with interest was made on 17th June 2013," according to a statement on Nasdaq Dubai.DEWA earlier this year sold a $1 billion, five-year sukuk to ref

Zawya Dow Jones News

June 18, 2013

Tuesday, Jun 18, 2013

DUBAI (Zawya Dow Jones)--State utility Dubai Electricity and Water Authority, or DEWA, on Tuesday said it repaid a AED3.2 billion ($871 million) Islamic bond that was issued in June 2008.

"The payment of the maturity proceeds along with interest was made on 17th June 2013," according to a statement on Nasdaq Dubai.

DEWA earlier this year sold a $1 billion, five-year sukuk to refinance existing debt and fund new investments.

Write to Nicolas Parasie at nicolas.parasie@dowjones.com

(END) Dow Jones Newswires

18-06-13 1002GMT