“DPDDDDDDD” is included in Blue bonds with $ 100 million in Nasdaq Dubai

The Nasdaq Dubai Stock Exchange welcomed the inclusion of the first blue -class bonds for companies in the Middle East and North Africa region, at a value of $ 100 million, issued by the DP World Ports Group “DP and Reel”.

This version comes within the framework of the group of medium -term bonds at a value of $ 10 billion, which is due in 2029 with a return of 5.250%.

The Stock Exchange stated, in a statement, that the bonds were priced by a difference of 99.6 basis points above the prices of US treasury bonds, and this represents the least price difference ever in the bond market or sukuk from the Dubai World Group, noting that the new version reflects the strong and increasing commitment in the region to sustainable financing , Where the release revenues will be devoted to financing vital projects that include maritime transport and infrastructure for ports and positive initiatives in the field of water, and the Dubai World Ports Group will allocate the revenues of the issuance of blue bonds to finance sustainable projects, including maritime transport projects, improving ports infrastructure, and combating marine pollution, And positive initiatives to protect nature and water.

The NASDAC Dubai publications related to sustainability, environmental and social practices and governance currently include many green bonds and bonds associated with sustainability, and now the first blue category bonds.

The current total value of the debt tools in Nasdaq Dubai is $ 137 billion, of which $ 29 billion in sustainable publications, environmental and social practices and governance.

In celebration of the listing, the Chairman and CEO of the Dubai Ports World Group, Sultan Ahmed bin Salim, knocked on the opening of the trading session in “Nasdaq Dubai”, along with each of the Chairman of the Nasdak Dubai, Abdul Wahid Al -Fahim, and the CEO of Nasdak Dubai »and Dubai Financial Market, Hamid Ali.

“This achievement highlights our commitment to enhance economic growth in parallel with the protection of marine environmental systems, which is vital for the flow of global trade movement and for the future of future generations,” said Sultan Ahmed bin Salim, Chairman of the Board of Directors. He added, “The inclusion of our first blue bonds is an advanced step in the Dubai World Ports Group trip towards promoting sustainable growth and innovation in the global supply chain.”

For his part, Al -Fahim said: “(Nasdaq Dubai) will remain committed to supporting exporters in their efforts to finance sustainable projects that contribute to achieving environmental and economic prosperity in the long term.”

In turn, Hamed Ali said: “This inclusion is an important achievement in the scene of sustainable financing in the region, and blue bonds constitute a forerunner step from the Dubai World Ports Group in the field of innovative bonds related to sustainability, environmental and social practices and governance in the Middle East.”