DP World Celebrates Sukuk and Bonds Listings Totaling USD 3.3 Bn

Image Courtesy: DP World

Port and terminal operator DP World rang the market-opening bell today to celebrate the multi-currency listing on Nasdaq Dubai of four debt listings.

As informed, they comprise a 10-year USD 1 billion Sukuk and three conventional bonds of 30 years USD 1 billion, 8 years EUR 750 million, and 12 years GBP 350 million respectively.

The four listings together amount to a value of about USD 3.3 billion.

The deal sets new benchmarks for Middle East issuers. Amongst other highlights, this deal marks the largest bonds issue from the Middle East since 2014 and is the first triple currency offering from a Middle East issuer in the past 12 years, according to DP World.

We are delighted with the outcome of this funding exercise. The transaction was well received in the market with strong demand as evidenced in the attractive pricing. Furthermore, this multi-currency multi-tenor issue was a first for this region and importantly it has allowed us to capture new investors across different formats and currencies,” Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said.


The four listings, which took place on September 26, 2018, bring the total value of current debt listings by DP World on the region’s international exchange to USD 7.03 billion from eight issuances, making the company Nasdaq Dubai’s largest UAE debt issuer by value.

DP World’s latest Sukuk listing underlines Dubai’s role as the largest global centre for Sukuk listings by nominal value, currently totaling USD 60.4 billion.

Share this article

Follow World Maritime News

Posted on November 12, 2018 with tags .

In Depth>


<< Aug 2019 >>
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >