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Listed
Sukuk
Wakalah
DP World USD 1.5bn Sukuk 2030
DP World · United Arab Emirates
Benchmark corporate sukuk from Dubai's global ports operator, widely held by Middle East and Asian institutions.
Key terms
- Issuer profile
- DP World
- ISIN
- XS2394565498
- Structure
- Wakalah
- Issue size
- $1.5B
- Ccy
- USD
- Minimum investment
- $200,000
- Payment frequency
- semi-annual
- Listing venue
- Nasdaq Dubai
- Governing law
- English law
Pricing
- Profit rate
- 4.70% (fixed)
- Indicative price
- 98.40
- Yield to maturity
- 5.147%
- Spread
- 88 bps
- Ratings
- Baa2 / BBB-
Key dates
- Issue date
- 25 Sep 2024
- Maturity date
- 25 Sep 2030
- Tenor
- 6 years
Shariah information
- Shariah advisor
- Dar Al Sharia
- AAOIFI aligned
- ✓
- Underlying asset
- Portfolio of port concession assets
- Use of proceeds
- General corporate purposes and refinancing