New Issue-DEWA sells $1 bln in 5-yr notes

April 15 (BestGrowthStock) – Dubai Electricity and Water Authority
on Thursday sold $1 billion of notes in the 144a private
placement market, said IFR, a Thomson Reuters service.

Citigroup, National Bank of Abu Dhabi, RBS, and Standard
Chartered Bank were the joint bookrunning managers for the
sale.
BORROWER: DUBAI ELECTRICITY AND WATER AUTHORITY
AMT $1 BLN COUPON 8.50 PT MATURITY 4/22/2015
TYPE NOTES ISS PRICE 100.00 FIRST PAY 10/22/2010
MOODY’S Ba2 YIELD 8.50 PCT SETTLEMENT 4/22/2010
S&P N/A SPREAD 592.4 BPS PAY FREQ SEMI-ANNUAL
FITCH BBB-MINUS MORE THAN TREAS NON-CALLABLE

Stock Market Money

New Issue-DEWA sells $1 bln in 5-yr notes