DEWA Plans No Bond Issues In 2014 – CEO

DEWA has a $1 billion bond maturing in April 2015.



State-owned Dubai Electricity and Water Authority (DEWA) plans no international bond issue in 2014, its chief executive Saeed Mohammed al-Tayer said on Wednesday.

Asked by reporters if DEWA planned any such issues this year, he said: “No. We have a funding strategy and we always plan these bonds.”

He added: “The bond is not due so far.” DEWA has a $1 billion bond maturing in April 2015.