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Dubai’s DP World sets talk in mid-swaps plus 180 bps area for $500 million five-year notes
By Christine Van Dusen
Atlanta, May 11 – Dubai’s DP World set initial talk in the mid-swaps plus 180 basis points area for a $500 million offering of five-year notes (Baa3//BBB-), a market source said.
Barclays, Citigroup, Deutsche Bank, Emirates NBD Capital, HSBC, National Bank of Abu Dhabi and Societe Generale CIB are the bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used for general corporate purposes.
The notes are expected to price on Tuesday.
Dubai-based DP World is an operator and developer of international marine terminals and provides related services.
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