New Issue: DP World lists $1.5 billion green sukuk offering in Dubai

Chicago, Nov. 14 – DP World Crescent Ltd. listed a $1.5 billion 5.5% green sukuk offering with a 10-year tenor in Dubai on Tuesday, according to a press release.

Citigroup Global Markets Ltd., Deutsche Bank AG, London Branch, Dubai Islamic Bank, Emirates NBD PJSC, First Abu Dhabi Bank PJSC, HSBC Bank plc, J.P. Morgan Securities plc and Standard Chartered Bank were the joint lead managers.

Proceeds will be used for eligible green projects. The company’s finance framework addresses electrification, renewable energy, clean transportation and energy efficiency.

The certificates were also listed in London.

The order book was $3.4 billion.

DP World is a Dubai-based operator and developer of marine terminals and provider of related services.

Issuer:	DP World Crescent Ltd.
Amount:	$1.5 billion
Issue:	Green sukuk
Tenor:	Sept. 13, 2033
Bookrunners:	Citigroup Global Markets Ltd., Deutsche Bank AG, London Branch, Dubai Islamic Bank, Emirates NBD PJSC, First Abu Dhabi Bank PJSC, HSBC Bank plc, J.P. Morgan Securities plc and Standard Chartered Bank
Co-managers:	Abu Dhabi Commercial Bank PJSC, Barclays, Mashreqbank psc (acting through its Islamic Banking Division), Scotiabank, Societe Generale and Saudi National Bank
Counsel to underwriters:	White & Case
Coupon:	5.5%
Spread:	Treasuries plus 119.8 bps
Trade date:	Sept. 6
Ratings:	Moody’s: Baa2
	Fitch: BBB+
ISIN:	XS2677631355

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