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Wed 26 Sep 2018 04:14 PM

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Nasdaq Dubai welcomes DP World debt listings worth over $3.3bn

Dubai port operator's new listings comprise a 1bn sukuk and three conventional bonds, says bourse

Nasdaq Dubai welcomes DP World debt listings worth over $3.3bn

Nasdaq Dubai on Wednesday said it has welcomed four new debt listings by DP World, totalling more than $3 billion.

The listings comprised a $1 billion sukuk and three conventional bonds of $1 billion, 750 million euros, and £350 million respectively.

They bring the total value of current debt listings by DP World on the region’s international exchange to $6.75 billion from seven issuances, making the company Nasdaq Dubai’s largest UAE debt issuer by value.

Nasdaq Dubai said DP World’s latest sukuk listing underlines Dubai’s role as the largest global centre for sukuk listings by value, currently totalling $58.85 billion.

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