Dewa plans to issue bonds worth $1.5 billion in April to fund expansion

Dubai Electricity and Water Authority (Dewa) will issue $1.5 billion (Dh5.5bn) worth of bonds in April to fund its ongoing expansion plans. When sold, Dewa would have raised nearly Dh10bn from international markets over the period of 12 months. Dewa is also looking at nearly doubling the size of its Export Credit Agency facility in the next few months