UPDATE 2-DP World set to raise $1.3 bln in bonds and sukuk - Reuters:
Port operator DP World is set to raise $1.3 billion on Thursday through conventional and Islamic bond issues, documents issued by banks involved in the deal showed.
Majority owned by the Dubai government, DP World plans to borrow $1 billion by issuing sukuk with a 10-year maturity and offering a profit rate equivalent to 195 basis points over mid-swaps.
The Islamic paper was marketed earlier on Thursday with an initial guidance of around 230 basis points over mid-swaps.
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