Bloomberg/Chris Ratcliffe

Sukuk

DP World lists $1.3 billion Sukuk and bond on Nasdaq Dubai

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The listing of conventional bond and Sukuk follows the company’s announcement last week that it plans to acquire Topaz Energy and Marine for around $1 billion.

Sunday 21, July 2019 BY KUDAKWASHE MUZORIWA

The UAE’s DP World has listed its $1 billion Sukuk and a $300 million conventional bond on Nasdaq Dubai.

In a statement, Nasdaq Dubai said that the state-owned port operator 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 was a tap issuance on a $1 billion bond that DP World issued in September 2018.

TAGS : DP World, Nasdaq Dubai, Topaz Energy and Marine, Sukuk

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