Dubai: Emirates, the Dubai-based airline, has narrowed price guidance for a $913 million (Dh3.4 billion) sukuk issue that will be guaranteed by Britain’s export credit agency, with pricing set to take place today, a document from lead managers showed. The transaction is now earmarked to price at 95 basis points over midswaps, plus or minus 5 bps, the document said. This is inside the guidance of the 100 bps area over the same benchmark issued on Monday.
Emirates narrows price guidance for UK sukuk
The transaction is now earmarked to price at 95 basis points over midswaps