Port operator DP World's debt maturities are well-managed and the company does not face any refinancing difficulties, Yuvraj Narayan, the company's chief financial officer said at a conference in Dubai Wednesday.
DP World will seek dual listing in the London stock exchange next year after it publishes its financial results in March, he said yesterday. In June this year, the company had postponed its plans for dual listing.
Speaking at a conference on ‘Treasury, Risk and Finance Professionals' Narayan said, DP World has a debt outstanding of $8 billion (Dh29.3 billion) with most of it having long term maturity. "We target to have more than 85 per cent of our obligations with long term maturity" he said."During the last few years DP World expanded its operations acquisitions and most of the debts on our books came from acquisition financing.
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