Dubai's state-owned Dubai Electricity and Water Authority (DEWA) is launching a two-tranche dollar bond, a source at one of the lead managers said on Wednesday.
The six and 10-year bonds will each be of benchmark size -- at least $500 million.
Lead managers are Citi, Credit Agricole, National Bank of Abu Dhabi, RBS and Standard Chartered, the source added.
Pricing will take place on Thursday.
DEWA issued a $1 billion five-year bond in April.
Dubai issued a $1.25 billion bond last month, its first since a debt crisis last year. (Reuters)
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