Business | Aviation

Emirates sets sights on benchmark-sized bond

US-dollar bond is likely to be priced tomorrow

  • Zawya Dow Jones
  • Published: 19:20 January 30, 2013
  • Gulf News

Dubai: Emirates airline is likely to issue a benchmark-sized, US dollar bond this week after meeting with investors, a person familiar with the deal said Wednesday.

The initial price talk on the planned bond, set to mature in February 2025, is “$7yr MS+High-200s/300s”, the person, who declined to be identified, told Zawya Dow Jones.

Road shows end Wednesday and the bond is likely to be priced tomorrow, he added.

Lead managers include Citi, Deutsche Bank, Emirates NBD, J.P.Morgan, Morgan Stanley and Standard Chartered.

Gulf News
Retail Gold Rate
Business Editor's choice
Quick Access

  1. Markets

  2. Economy

  3. Property

  4. Aviation

Business Top Stories

  1. Cards blocked by UAE Central Bank

  2. du to expand 4G LTE network

  3. Nakheel awards Dh75m contract for Palm complex

  4. iPhones 5 customers can seek replacement in UAE

  5. Google buys special effects technology firm Zync