Nasdaq Dubai has proudly listed the Middle East and North Africa's first corporate Blue Bond, a USD 100 million issuance by DP World, a global leader in supply chain solutions.
The bond, part of DP World’s USD 10 billion Global Medium-Term Note Programme, offers a 5.250% coupon rate and matures in 2029. It achieved a spread of 99.6 basis points above U.S. Treasuries, the tightest ever for DP World in both bond and Sukuk markets.
This issuance underscores the region’s growing commitment to sustainable finance. The funds will support key initiatives related to marine transportation, port infrastructure, and water-positive projects, contributing directly to the United Nations Sustainable Development Goals (SDG) 6 (Clean Water and Sanitation) and SDG 14 (Life Below Water).
Nasdaq Dubai’s platform now includes Green Bonds, Sustainability Bonds, Sustainability-Linked Bonds, and this pioneering Blue Bond, with total debt listings valued at USD 137 billion, of which USD 29 billion are ESG-linked.
DP World’s Group Chairman & CEO Sultan Ahmed bin Sulayem celebrated the listing as a significant step in the company’s sustainability journey. He emphasized the alignment with the UN’s SDGs and the long-term benefits for both global trade and marine ecosystems.
Abdul Wahed Al Fahim, Chairman of Nasdaq Dubai, expressed pride in supporting such innovative ESG-focused issuances, while Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market, highlighted the role of the exchange in facilitating sustainable finance. Ian Johnston, Chief Executive of the Dubai Financial Services Authority, also lauded the listing for advancing responsible investing.
The Blue Bond’s proceeds will drive DP World’s Ocean and Water Strategies, reinforcing its dedication to sustainable practices within the maritime industry.
News Source: Dubai Media Office
