White & Case advises on DP World’s issuance of €750 million green notes and US$750 million notes

Global law firm White & Case LLP has advised a consortium of banks as Joint Lead Managers on the issuance by DP World Limited of €750 million Green Notes due 2032 and US$750 million Notes due 2036 under its US$10 billion Global Medium Term Note Programme.

"The success of DPW's dual tranche issuance is a testament to their global resilience in the current economic environment and White & Case’s long standing relationship with DPW as a trusted partner for legal services," said White & Case partner Debashis Dey, who led the Firm’s deal team.

The green notes were issued to finance or refinance eligible projects under DP World’s Sustainable Finance Framework, while the US dollar notes were issued for general corporate purposes. Both tranches were listed on the London Stock Exchange’s International Securities Market and Nasdaq Dubai.

Citigroup Global Markets Limited, Barclays Bank PLC, Deutsche Bank Aktiengesellschaft, Emirates NBD Capital PJSC, First Abu Dhabi Bank PJSC, HSBC Bank plc, Société Générale S.A., Abu Dhabi Commercial Bank PJSC, J.P. Morgan Securities plc, Mashreqbank PSC and Standard Chartered Bank acted as Joint Lead Managers.

The White & Case team which advised on the transaction was led by partner Debashis Dey (Dubai & London) and included local partner Marcin Zawadzki and associates Eren Ayanlar, Amir Mehdizadeh Iranpour and Ola Sanni (all Dubai).

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