The listings comprise a 10 year $1 billion Sukuk and three conventional bonds of 30 years $1 billion, eight years EUR 750 million and 12 years GBP 350 million respectively.
Monday 12, November 2018 BY KUDAKWASHE MUZORIWA
Nasdaq Dubai has welcomed DP World’s four multi-currency debt listings.
In a statement, Nasdaq Dubai stated that the four listings amount to a value of about $3.3 billion.
The deal marks the largest bonds issue from the Middle East since 2014 and is the first triple currency offering by a GCC issuer in the past 12 years.
Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said that the four listings, which took place on 26 September 2018, bring the total value of current debt listings by DP World on the region’s international exchange to $7.03 billion from eight issuances.
DP World’s latest Sukuk listing underlines Dubai’s role as the largest global centre for Sukuk listings by nominal value, currently totalling $60.4 billion, added Hamed Ali, Chief Executive of Nasdaq Dubai.