News
20 May 2020

Utico sounds out banks for $500m Islamic bond

In:
Infrastructure, Power, Renewables, Waste and water
Region:
Middle East & Africa

Middle Eastern water and power utility Utico is sounding out financial institutions and banks to raise a $500 million Islamic bond. Proceeds are intended to pay off some of its debts and restructure its portfolio to position it for future growth. It is seeking a 10-year note for $500 million with...

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