{"id":79480,"date":"2023-09-11T01:00:08","date_gmt":"2023-09-11T01:00:08","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/09\/11\/dp-world-launches-usd-1-5-bn-green-sukuk-to-solid-demand\/"},"modified":"2023-09-11T01:00:08","modified_gmt":"2023-09-11T01:00:08","slug":"dp-world-launches-usd-1-5-bn-green-sukuk-to-solid-demand","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/09\/11\/dp-world-launches-usd-1-5-bn-green-sukuk-to-solid-demand\/","title":{"rendered":"DP World launches USD 1.5 bn green sukuk to solid demand"},"content":{"rendered":"

<\/a>DP World launches its maiden green sukuk: <\/strong>UAE port operator DP World\u2019s has launched a USD 1.5 bn from a 10 year USD-denominated green sukuk<\/a> issuance due sometime this month, Reuters<\/a> reports, citing document from one of the arranging banks. The allocation and pricing have yet to be announced by the port operator.<\/p>\n

The details: <\/strong>The issuance was nearly 2.3x oversubscribed netting over USD 3.4 bn in orders, the newswire reports. The sukuk \u2014 launched by subsidiary DP World Crescent under its USD 5 bn Trust Certificate Issuance Programme \u2014 was offered at a 5.5% yield.<\/p>\n

More to come?<\/strong> The UAE port operator is also reportedly eying another USD 1 bn green sukuk issuance under the same program, depending on market conditions, according to a bank document from one of the arranging banks picked up by Reuters<\/a> earlier.<\/p>\n

Advisors:<\/strong> Citi, Deutsche Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, JPMorgan, and Standard Chartered Bank are acting as the bookrunners for the issuance, while HSBC is serving as the sole ESG structurer.<\/p>\n","protected":false},"excerpt":{"rendered":"

DP World launches its maiden green sukuk: UAE port operator DP World\u2019s has launched a USD 1.5 bn from a 10 year USD-denominated green sukuk issuance due sometime this month, Reuters reports, citing document from one of the arranging banks. The allocation and pricing have yet to be announced by the port operator. The details: […]<\/p>\n","protected":false},"author":1,"featured_media":79481,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84],"tags":[83,11,536,164,153,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-79480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseclimate","tag-finance","tag-green-finance","tag-green-sukuk","tag-uae","wpautop","entry"],"acf":{"mongo_id":"323f58fe-52a7-4079-ad5f-c245323e757a","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/9\/1701.jpg","photo_position":"above","related_issue":[79466],"teaser":"","voice_url":""},"yoast_head":"\nDP World launches USD 1.5 bn green sukuk to solid demand - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/09\/11\/dp-world-launches-usd-1-5-bn-green-sukuk-to-solid-demand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DP World launches USD 1.5 bn green sukuk to solid demand\" \/>\n<meta property=\"og:description\" content=\"DP World launches its maiden green sukuk: UAE port operator DP World\u2019s has launched a USD 1.5 bn from a 10 year USD-denominated green sukuk issuance due sometime this month, Reuters reports, citing document from one of the arranging banks. 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