Dubai's DEWA repays $871m Islamic bond

Dubai Electricity and Water Authority announces sukuk maturity proceeds payment
Electricity pylon
By Reuters
Tue 18 Jun 2013 12:34 PM

Dubai Electricity and Water Authority said on Tuesday it repaid a AED3.2bn ($871.2m) Islamic bond on June 17.

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

The sukuk was initially issued in June 2008, the state utility said. It did not mention the interest payment in the statement.

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