Reuters explained that a document showed that the guiding price of the sukuk after it started marketing at 6.625%.
The document showed that the permanent instruments offered by DP were not called up 5 and a half years ago.
The company previously appointed banks regarding a possible sale of dollar-denominated sukuk, where the proceeds will be used for general purposes, including refinancing.
Citibank, Deutsche Bank and JP Morgan will arrange calls with investors in Asia, the Middle East and Europe to issue permanent dollar denominated bonds that cannot be called 5 and a half years ago, According to market conditions.
The deal is being worked out by Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Credit Agricole, Samba Financial Group, Scotia Bank, and Standard Chartered Bank. >
Dubai Ports is also considering issuing bonds denominated in Euros that cannot be called up 6 years ago.
