Font Size

- Aa +

Thu 18 Jul 2019 02:56 PM

Font Size

- Aa +

DP World lists $1bn sukuk, $300m bond on Nasdaq Dubai

DP World now has sukuk and conventional bond listings on Nasdaq Dubai totalling $8.09bn

DP World lists $1bn sukuk, $300m bond on Nasdaq Dubai

Nasdaq Dubai on Thursday welcomed the listing of a $1 billion sukuk and a $300 million conventional bond issued by global port operator DP World.

DP World is the largest UAE debt issuer by value on the region’s international exchange, with sukuk and conventional bond listings now totalling $8.09 billion.

The $300 million conventional bond that listed on Thursday was a tap issuance on a $1 billion bond that DP World issued in September 2018.

DP World operates a network of trade enabling businesses including ports and terminals, industrial parks, logistics and economic zones, maritime services and marinas.

Nasdaq said DP World’s latest $1 billion sukuk underlines Dubai’s role as one of the largest global centres for sukuk listings by value, with a current total of $62.35 billion.

For all the latest market 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.