DP World has listed a $100 million Blue Bond on Nasdaq Dubai, marking the Middle East and North Africa’s inaugural corporate Blue Bond issuance.
Issued under DP World’s $10 billion Global Medium-Term Note Programme, the bond carries a 5.25% coupon rate and matures in 2029. The issuance achieved a spread of 99.6 basis points above US Treasuries, the tightest spread DP World has secured in both bond and Sukuk markets.
Proceeds from the bond will fund projects in marine transportation, port infrastructure, and water-positive initiatives, aligning with the United Nations Sustainable Development Goals 6 (Clean Water and Sanitation) and 14 (Life Below Water).
Nasdaq Dubai’s ESG offerings now include Green Bonds, Sustainability Bonds, Sustainability-Linked Bonds, and the region’s first Blue Bond. The total value of debt listings on Nasdaq Dubai stands at $137 billion, with $29 billion comprising ESG-linked issuances.
DP World and its subsidiaries now have 11 debt listings on Nasdaq Dubai, including bonds and Sukuk, totalling $10 billion.
