Interesting are days when the payment of an expected coupon payment is considered good news! DP World (BB+, Ba1) announced yesterday that they had paid out the semi-annual coupon payment due on its $1.5 billion sukuk that matures in 2017 - $46.9 million. DP World, which is not part of its parent's debt restructuring plans, also said it had completed a coupon payment of $59.9m for the period ending December 31, 2009 on a $1.75bn bond issue due in 2037.Global has also announced its making scheduled debt payments as well.
Quite a different market we're in these days where the major story is debt service not growth.
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