We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Mon 11 May 2015 11:59 AM

Font Size

- Aa +

Dubai's DP World expected to issue $500m 5-yr bond

One of the world's biggest port operators, it has appointed five banks to manage the issuance

Dubai's DP World expected to issue $500m 5-yr bond

DP World, one of the world's biggest port operators, is expected to raise $500 million from a five-year bond issue, a document from lead managers showed on Monday.

Investor meetings for the dollar-denominated offering ended in Dubai on Sunday. No specific timing for the issue was given in the document, except to say it would happen "subject to market conditions".

Barclays, Citigroup, Deutsche Bank, Emirates NBD Capital, HSBC, National Bank of Abu Dhabi and Societe Generale are arrangers for the bond issue.

Arabian Business: why we're going behind a paywall

For all the latest transport news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Real news, real analysis and real insight have real value – especially at a time like this. Unlimited access ArabianBusiness.com can be unlocked for as little as $4.75 per month. Click here for more details.