World's largest port operator hires banks on USD 1 billion bond

Dubai-based port major DP World has hired banks to help it sell bonds for around USD 1 billion to finance the acquisition of Topaz Energy & Marine, sources say.
Photo: HAMAD I MOHAMMED/REUTERS / X01444
Photo: HAMAD I MOHAMMED/REUTERS / X01444
BY ARCHANA NARAYANAN AND ALAA SHAHINE, BLOOMBERG

DP World Plc mandated banks to raise about USD 1 billion of bonds to finance the acquisition of Topaz Energy & Marine Plc, according to three people with knowledge of the plans.

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