Shearman And Sterling

News December 11, 2017

Emirates Sembcorp Water & Power Company’s $400 Million Bond Offering

Shearman & Sterling represented the syndicate of banks led by Citigroup and HSBC, as joint global coordinators and joint bookrunners, and DBS Bank, First Abu Dhabi Bank and SMBC Nikko Capital Markets, as joint bookrunners, in connection with Emirates Sembcorp Water & Power Company’s offering of $400 million 4.450% senior secured bonds due 2035.

Emirates Sembcorp Water & Power Company owns a combined cycle power generation and seawater desalination plant in the Emirate of Fujairah and is indirectly owned by Abu Dhabi National Energy Company and the Abu Dhabi Water and Electricity Authority.

The Team