Dubai Ports World has appointed a group of banks regarding the possible sale of dollar-denominated permanent bonds.

According to Reuters, a document issued by a bank showed that Dubai Ports will use the returns for public purposes, including refinancing.

Citibank, Deutsche Bank and JP Morgan will arrange calls with investors in Asia, the Middle East and Europe followed by, subject to market conditions, the issuance of permanent dollar-denominated bonds that cannot be called before 5 and a half years.

Also working on the deal is Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Credit Agricole, Samba Financial Group, Scotia Bank, and Standard Chartered Bank. . DP World is also studying the issue of permanent bonds denominated in Euros that cannot be recalled six years ago, according to the document.