DP World launches 5 year bond

Global port operator DP World Limited, rated Baa3/BBB - (both stable) by Moody's/Fitch confirm pricing of a benchmark US$500 million 5 year senior  unsecured Regulation S / Rule 144A bond offering with a semi - annual coupon of 3.250% due  2020. The bond offe ring was priced at 5yrMS+155bps. Bond proceeds will be used for general  corporate purposes.  Joint bookrunners are Barclays, Citigroup, Deutsche Bank, Emirates NBD Capital, HSBC,  National Bank of Abu Dhabi and SG CIB. Co - Managers are Bank of Nova Scotia,  First Gulf  Bank and Union National Bank.