DP World prints $1.5bn hybrid as corps stack pipeline

By Ross Lancaster
25 Jun 2020

Dubai port logistics operator DP World, tested the boundaries of emerging market investor risk appetite this week as it priced at $1.5bn sukuk hybrid deal.

After months in which sovereigns have dominated EM bond supply, corporates have started to make their presence felt in the market. Navios South American Logistics, Kimberly Clark de Mexico and Gazprom all issued this week.

Baa3/BBB- rated DP World’s trade caught the eye though, bringing a rare hybrid ...

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