Saudi’s ACWA bonds delayed to 2017

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Saudi’s ACWA bonds delayed to 2017

Saudi Arabia_230

Saudi Arabia's International Company for Water and Power Projects (ACWA Power) has pushed back its bond plans to 2017 after investors asked for more time to “understand the structure fully”. The target coupon, which investors told GlobalCapital was too low, will also be readdressed, according to a lead banker.

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