Bid & Tender
Saudi's ACWA Power to Issue $1bn Bond in February

Date : Jan 13, 2017

Saudi Arabia's ACWA Power will issue a $1 billion bond in February, said Chairman Mohammed Abunayyan.

 

The water and power plant developer had announced its debt raising plans in November, but postponed the bond because of "timing constraints and requests from investors for more time to evaluate the proposed offering," according to a document issued by the lead arrangers in December.

 

ACWA has mandated Jefferies, Citi, CCB Singapore, Mizuho and Standard Chartered to arrange the bond.