Dubai's DP World markets 30-year conventional bond, 10-year sukuk | ZAWYA MENA Edition

Dubai's DP World markets 30-year conventional bond, 10-year sukuk | ZAWYA MENA Edition:

Dubai's port operator DP World has started marketing a 30-year conventional bond and 10-year sukuk, or Islamic bonds, a document by one of the banks leading the transaction showed.

The company has given initial price guidance in the 5.875 percent area for the 30-year paper, and in the 200 basis points over mid-swaps area for the 10-year sukuk.

Barclays, Citi, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, JPMorgan, Societe Generale and Standard Chartered Bank are the joint bookrunners of the 30-year bond deal, while the list of bookrunners for the planned sukuk comprises the same lenders and Dubai Islamic Bank.