Dubai Electricity and Water sets roadshow for $1 billion Islamic bonds

By Christine Van Dusen

Atlanta, Feb. 19 - Dubai Electricity and Water Authority (DEWA) is planning a roadshow the week of Feb. 25 for an approximately $1 billion offering of 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-only deal.

The roadshow will be held in London and in Asia.

The proceeds will be used to refinance debt and invest in company projects.

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