DP World, the ports and logistics company owned by the Government-related Dubai World, plans to return to the international capital markets for up to US$3.25 billion (Dh11.93bn) of debt financing, probably next year.
The company announced its intentions in an updated prospectus filed with the London Stock Exchange, where it is planning a listing for next spring.
The move signals a renewed appetite from Dubai companies to access the debt markets after the successful conclusion of negotiations for the restructuring of $24.9bn of debt by Dubai World, the property and transport conglomerate.
No comments:
Post a Comment