Sunday 7 November 2010

BBC News - Dubai's DP World updates bond prospectus

Dubai-based global ports operator DP World has produced an updated prospectus for a $5bn (£3bn)bond programme.

In October boss Mohammed Sharaf said the firm had $3bn available to fund expansion plans.

But he did not rule out going to the market to raise additional financing.

DP World is part of state-owned Dubai World, which last month signed up the last remaining creditor to a $23bn (£15bn) debt restructuring.

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