Sunday 19 May 2024
 
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Dubai Ports

US investors snap up 30-year Dubai Ports bond

US investors bought about half the $1.75 billion worth of 30-year bonds sold last week by Dubai port operator DP World, which was forced to give up American assets last year after a row in Washington over security. The world's third larges

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Dubai Ports in bonds move

DP World has narrowed price guidance on its 10-year Islamic bond to 115 basis points over US Treasuries maturing in May 2017, the bookrunners said. Initial price guidance set on June 19 was 115-120 basis points, they said in a statement ca

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DP World plans $3 billion bonds

Dubai port operator DP World plans to raise as much as $3 billion by selling two benchmark size bonds, one of which will have a maturity of up to 30 years, a banker who attended the company's presentation said on Sunday. The world's third-

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