Copying and distributing are prohibited without permission of the publisher
DEWA – ECA-backed financing
26 March 2010
A winning ECA combination
MLAs: Citi, Crédit Agricole, Deutsche Bank, and HSBC
Borrower: Dubai Electricity and Water Authority (DEWA)
Amount: $1.1 billion
ECAs: Euler Hermes, Sace and Coface
Tenor: 13-years
Lawyers: Norton Rose; Clifford Chance (for borrower); Afridi & Angell (for lenders) |
This was a landmark multi-ECA supported loan facility arranged for Dubai Electricity and Water Authority (DEWA). Backed by Hermes, Sace and Coface, this was the first major ECA financing for a sovereign in the United Arab Emirates and the largest multi-ECA facility ever arranged in the UAE.
Citi, Crédit Agricole, Deutsche Bank, and HSBC arranged a $1.1 billion loan package for Dubai Electricity and Water Authority (DEWA) to finance the construction of power stations and transmission lines and desalination works in the...
You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
