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FINANCIAL NEWS
DP World bonds becoming global rally
22 Oct 2013
(MENAFN) DP World’s Islamic bonds are becoming a global sukuk rally, Times of Oman reported.
The yield on the 6.25 per cent sukuk due in 2017 dropped to 3.4 percent, or 17 basis points.
In the Gulf Cooperation Council, the yield on sukuk fell 11 basis points to 3.37 percent.
DP World, the world’s third largest port operator, said that its net earnings in the first half of 2013 increased to USD264 million, registering a 9.1 percent jump.
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