Press releases, Reports & Disclosures for Dubai Financial Market PJSC

Nasdaq Dubai has listed a $1.5 billion Green Sukuk by DP World, a global supply chain solutions provider. The proceeds will be used for eligible green projects in line with DP World's Sustainable Finance Framework. This listing has helped raise Nasdaq Dubai's total Sukuk listings to $79 billion. The 10-year Green Sukuk attracted significant interest from investors, with a $3.4 billion order book from local, regional, and international investors. The Sukuk, with strong credit and ESG ratings, was priced at a spread of 119.8 bps above US treasuries with a 5.5% coupon rate. This marks one of the tightest 10-year spreads for a BBB rated corporate issuer from the Central and Eastern Europe, the Middle East and Africa (CEEMEA) region.