DP World prices $1bn convertible bonds | DP World prices $1bn convertible bonds -
DP World

DP World prices $1bn convertible bonds

: Sunday, June 15 - 2014 @ 11:35

Dubai’s DP World, the third-biggest ports operator globally, has raised $1bn from a convertible bonds sale to fund acquisitions and growth, Bloomberg has reported. The securities, due 2024, will pay annual interest of 1.75% and be converted at a price of $27.1396 a share, the firm said. Money raised from the bond “will be used to take advantage of organic and inorganic growth opportunities, diversify funding sources and general corporate purposes,” DP World said.

Today's Top Stories

Posted by

Sunday, June 15- 2014 @ 11:35 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services







Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically





JobsVIEW ALL

Search for jobs

Latest Jobs