Global law firm White & Case LLP has advised Citigroup Global Markets Limited as the sole manager on the issuance of US$100 million blue notes due 2029 by DP World Limited under its US$10 billion Global Medium Term Note Programme.
“This pioneering blue bond not only represents a significant milestone for the MENA region, but also exemplifies DP World’s commitment to sustainable finance and marine conservation,” said White & Case partner Debashis Dey, who led the Firm’s deal team. “The innovative transaction aligns with DP World’s sustainability goals and contributes to global environmental stewardship.”
The blue notes are understood to be MENA’s first blue bond and were listed on the London Stock Exchange’s International Securities Market and the Nasdaq Dubai. DP World intends to apply an amount equivalent to the net proceeds of the blue notes to finance or refinance, in whole or in part, eligible blue projects in accordance with its Sustainable Finance Framework, which includes: sustainable maritime transport; sustainable ports; marine renewable energy; reducing marine pollution; and marine ecosystem management conservation and restoration.
The White & Case team that advised on the transaction was led by partner Debashis Dey (Dubai & London) and included associates Marcin Zawadzki and Amir Mehdizadeh Iranpour (both Dubai).
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Read the orginal article: https://www.whitecase.com/news/press-release/white-case-advises-issuance-us100-million-blue-notes-dp-world-limited
