The bonds will have a coupon of 1.75%, while the conversionprice has been set at $27.14, a 37.5% premium over the share price.
Net proceeds of the fundraiser will be used for growthopportunities, diversify funding sources and general corporate purposes.
DP World chairman, Sultan Ahmed Bin Sulayem, said:“The proceeds will provide us with additional financial flexibility at an extremelylow interest rate.”
DP World group chief executive, Mohammed Sharaf,said: “The issuance also allows us to diversify our funding sources and accessa broader investor base.”
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