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Perspective
22 May 2017

Message received: ACWA’s holdco hybrid a hit with investors

ACWA Power’s complex non-recourse bond debut was never going to be an easy sell to mainstream investors. But after 200-plus face-to-face account meetings and constant dialogue with the market, the deal pulled in $1.8 billion of orders and has won ACWA’s holdco structure a lot of converts.

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