Dubai – Mubasher: DP World Group chairman and CEO Sultan Ahmed Bin Sulayem on Monday rang the market-opening bell to celebrate four debt listings on Nasdaq Dubai.

The multi-currency listings comprise a 10-year $1 billion US dollar Sukuk and three conventional bonds, of which one is a 30-year $1 billion issue, one is eight years and worth EUR 750 million, and the last is for 12 years and worth GBP 350 million, DP World said in a statement via Nasdaq Dubai.

Combined the four listings amount to $3.3 billion, setting new benchmarks for Middle East issuers.

“This deal marks the largest bonds issue from the Middle East since 2014 and is the first triple currency offering from a Middle East issuer in the past 12 years,” DP World and Nasdaq Dubai said jointly.

The four listings, which took place on 26 September 26, bring the total value of current debt listings issued by DP World on Nasdaq Dubai to $7.03 billion spanning eight issuances, making the port operator largest UAE debt issuer by value via the Dubai-based exchange.

Commenting on the four debt issues, DP World Group chairman and CEO Sultan Ahmed Bin Sulayem said that the transaction was “well-received in the market with strong demand as evidenced in the attractive pricing. Furthermore, this multi-currency multi-tenor issue was a first for this region and importantly it has allowed us to capture new investors across different formats and currencies.”