June 24, 2020 / 5:33 AM / 8 days ago

DP World markets perpetual dollar sukuk at around 6.625% - document

DUBAI, June 24 (Reuters) - Dubai-based port operator DP World started marketing U.S. dollar denominated perpetual sukuk, or Islamic bonds, with an initial price guidance of around 6.625%, a document showed on Wednesday.

Perpetual bonds are similar to an equity instrument in that they have no maturity date.

The perpetual sukuk DP Worlds is offering are non-callable for 5-1/2 years.

Reporting by Davide Barbuscia; Editing by Christian Schmollinger

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