DP World may buy half of its $1.5 billion sukuk offer due to mature in 2017

DP World could buy back around half of its $1.5 billion sukuk offering which is due to mature in 2017 as the global ports operator seeks to reduce the cost of its debt, it said in a statement. Holders of the Islamic bond have until 1600 London time on May 23 to decide whether to accept DP World's offer to buy the sukuk at $10,555 when the face value is $10,000. (reuters)