DEWA, the emirate's only utility, had planned to tap the international bond market in November for up to $2 billion, but postponed its decision after state-owned Dubai World said it was seeking a standstill on billions in debt repayments.

In March, DEWA's chairman said the company aimed to complete a $1.5 billion bond issue in early April.

"Dewa has very large expansion plans, and they see a window of opportunity to raise money in the debt market (rather) than the banks," said Nish Popat, head of fixed income at ING Investment Management.

"Investors will want to know how much they are looking to raise, the tenor, whether there will be a government guarantee, and how they plan to meet their obligations," Popat said.

The Dubai World debt crisis sent shockwaves through international markets, raising concerns about credit quality in the emirate, and hiked the pricing burden on potential issuers.

The banks mandated to arrange the meetings are Citi, Standard Chartered, the Royal Bank of Scotland and the National Bank of Abu Dhabi. DEWA will meet investors in the United States, Europe and Asia, the source at one of the arranging banks, said.

Last week, ratings agency Moody's took DEWA off review for a downgrade after the firm sealed a deal on the terms of its receivables securitization program.

The emirate last week announced proposals to restructure some of Dubai World's debt, potentially opening the way for bond issues from the region.