Dubai – Mubasher: DP World Limited has approved a periodic coupon distribution for the issued notes worth $500 million, according to the company's disclosure to Nasdaq Dubai.
Due in 2049, the notes have interest rates of 4.7%.
The company will pay out $11.7 million to note holders on 30 September 2020.
It is noteworthy to mention that previously, the Dubai-based logistics company has hired banks to arrange for the US dollar-denominated Sukuk issuance, non-callable for 5.5 years.
