UAE's DB World adds 30-year conventional bonds to benchmark-sized dollar-dominated deal

By Aaron Hochman-Zimmerman

New York, June 14 - DB World Ltd. (A1/A+) will sell a 30-year conventional tranche in addition to the previously announced dollar-dominated 10-year sukuk, according to a market source.

The U.S. roadshow for the benchmark-size deal will end Friday.

Bookrunners for the 10-year sukuk will be Barclays, Citigroup, Deutsche Bank and Dubai Islamic Bank.

Bookrunners for the 30-year conventional notes will be Barclays, Citigroup, Deutsche Bank and Lehman Brothers.

The Dubai, United Arab Emirates-based port operator is entirely, but indirectly owned by the government.

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