Monday 30 October 2017

Dubai's DP World Is New Shining Star of Gulf Bond Markets - Bloomberg

Dubai's DP World Is New Shining Star of Gulf Bond Markets - Bloomberg:

"A Dubai-owned ports operator that has weathered slower global growth since the financial crisis has emerged as the Gulf’s star performer in the bond market.

Buoyed by steadily improving finances and a credit-rating upgrade, state-controlled DP World Ltd.’s debt due in 2037 have handed investors a 21 percent return this year as of Friday. It’s the best performer among dollar-denominated bonds of $1 billion and more in the six-nation Gulf Cooperation Council."



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