DP World guides for new sukuk and 2048s tap

By Francesca Young
11 Jul 2019

DP World has updated price guidance for its new 10 year benchmark sukuk and $200m tap of its 2048s, with order books already a healthy size for both deals.

Books for the sukuk are over $4.5bn and for the tap of the 2048s are over $1.4bn.

Initial price guidance was released on Thursday for the 10 year sukuk at 230bp area over mid-swaps and later updated to 200bp-205bp over mid-swaps. Initial talk for the tap of the ...

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