DP World lists $1.75b bond, $1.5b Sukuk on the DIFX

DUBAI — DP World, the Dubai-based international ports operator, yesterday listed a conventional bond worth $1.75 billion and a Sukuk (Islamic bond) of $1.5 billion on the Dubai International Financial Exchange (DIFX).

By A Staff Reporter

Published: Wed 4 Jul 2007, 9:05 AM

Last updated: Sat 4 Apr 2015, 10:13 PM

It is the first issuer to list both conventional and Islamic debt securities on the exchange.

Mohammed Sharaf, the Chief Executive of DP World, said: "Our listings on the region's international exchange give investors an assurance of high quality regulation, as well as providing high visibility. Our inaugural bond issues represent the continuing development of DP World as a truly international company."

Yuvraj Narayan, the Chief Financial Officer, DP World, said: "We have seen strong interest in the securities from investors around the world. Both issues have attracted a truly global subscriber base."

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