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Bond Market News
DP World Arranges Calls With Bondholders to Address Performance, 2026 Bond Maturity
June 11, 2026
DP World (DPW) is said to have arranged meetings with bondholders to address performance concerns following the US-Iran war and the subsequent closure of the Strait of Hormuz. The vital strait’s disruption impacted its Dubai’s flagship Jebel Ali port, that saw a 30% YoY volume drop in the 1Q2026. To mitigate shipping disruptions, DP World recently introduced “war risk” insurance for regional cargo owners. The interaction with fixed-income investors comes ahead of a €750mn ($867mn) bond maturity in September on its 2.375% 2026s. Sources noted that while DP World can repay the obligation using its $4.7bn cash buffer, they might prefer to refinance the note via a bond issuance if conditions allow. Fitch also noted that DP World’s liquidity and market access are robust enough to manage its debt maturities in 2026.
DPW’s bonds were trading broadly steady, with its 5.5% 2033s at 99.8, yielding 5.54%. The notes are still trading over 3% lower than its levels seen just before the disruptions began in the Middle East .
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