DP World tightens guidance for 10-yr green sukuk, caps size at $1.5bln – document

Reuters/REUTERS

DP World, which operates ports around the world from Buenos Aires to Hong Kong, received over $3.25bln in orders for the sukuk transaction

Shamsuddin Mohd, Reuters News

September 6, 2023

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UAE-based ports operator DP World tightened price guidance for its 10-yr green sukuk to 125/130 basis points over U.S. Treasuries from 150 bps over the same benchmark earlier on Wednesday, according to a bank document seen by Reuters.

DP World, which operates ports around the world from Buenos Aires to Hong Kong, received over $3.25 billion in orders for the sukuk transaction.

The ports operator is looking to raise $1.5 billion from debt sale, a bank document showed on Wednesday.

(Reporting by Shamsuddin Mohd, Editing by Louise Heavens)

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