Deals
World's Largest Port Operator Hires Banks on $1 Billion Bond
- Proceeds from Islamic bond sale will finance Topaz acquisition
- Firm hires 8 banks to arrange investor meetings from Wednesday
Container terminal operated by DP World Ltd., at the Port of Southampton.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
DP World Plc mandated banks to raise about $1 billion of bonds to finance the acquisition of Topaz Energy & Marine Plc, according to three people with knowledge of the plans.
The world’s largest port operator hired Citigroup Inc., Dubai Islamic Bank PJSC and Standard Chartered Plc to arrange investor meetings in Hong Kong, Singapore and London from July 10, according to a document sent to investors and seen by Bloomberg.