Reuters logo
Dubai's DP World to price $1 bln convertible bond issue Thursday
June 12, 2014 / 6:31 AM / 3 years ago

Dubai's DP World to price $1 bln convertible bond issue Thursday

DUBAI, June 12 (Reuters) - DP World, the Dubai-based ports operator, plans to raise a $1 billion convertible bond issue of ten years duration on Thursday to fund growth opportunities, a document from lead managers showed.

The bond is expected to pay a coupon in the range of 1.5 to 2 percent and will have a conversion premium between 35 and 40 percent, the document showed.

JP Morgan is acting as the global coordinator for the bond sale and Citigroup, HSBC and UBS are classed as joint bookrunners. (Reporting by Archana Narayanan; Editing by David French)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below