DP World to Raise $5bn Through Bonds

11 November 2010 (Last Updated November 11th, 2010 18:30)

DP World has unveiled plans to raise $5bn through a bond programme. The proceeds from the offer will fund the expansion of the Dubai-based global ports operator. The company, which is part of state-owned Dubai World, revealed last month that it had $3bn available to finance the

DP World has unveiled plans to raise $5bn through a bond programme.

The proceeds from the offer will fund the expansion of the Dubai-based global ports operator.

The company, which is part of state-owned Dubai World, revealed last month that it had $3bn available to finance the expansion.

Dubai World signed up its last remaining creditor to a $23bn (£15bn) debt restructuring plan last month, allowing the Dubai Government to raise $1.25bn from the international debt market.