DP World prices $1bn convertible bonds
15/06/2014 11:35 am EDT

share with your network:

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.

About the Author

share with your network:

Share your view

© 1996-2015 Media quest FZ LLC A media and entertainment company
Middle East Main Office
[email protected]
© 2015 Dubai Business | Ameinfo . All rights Reserved.