DP World expected to sell about $1.5bln in perpetual dollar sukuk -document

The perpetual sukuk DP Worlds is offering are non-callable for 5-1/2 years

  
Photo used for illustrative purpose. General view of a stock yard of DP World's fully automated Terminal 2 at Jebel Ali Port in Dubai, United Arab Emirates, December 27, 2018.

Photo used for illustrative purpose. General view of a stock yard of DP World's fully automated Terminal 2 at Jebel Ali Port in Dubai, United Arab Emirates, December 27, 2018.

REUTERS/Hamad I Mohammed

DUBAI- Dubai-based port operator DP World is expected to sell about $1.5 billion in perpetual sukuk, or Islamic bonds, at 6.125%, a document showed on Wednesday.

DP World set the final spread after it began marketing the sukuk at 6.625% earlier on Wednesday. The sukuk are non-callable for 5-1/2 years.

(Reporting by Yousef Saba Editing by David Goodman ) ((Yousef.Saba@thomsonreuters.com; +971562166204))

More From Markets