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Emirates airline launches $913 million notes due 2025 at 90 bps spread
By Christine Van Dusen
Atlanta, March 25 – The United Arab Emirates-based Emirates launched a $913 million offering of notes due March 31, 2025 at mid-swaps plus 90 basis points, a market source said.
The notes were initially talked at a spread in the 100 bps area.
Abu Dhabi Islamic Bank, Citigroup, Dubai Islamic Bank, ENBD Capital, HSBC, JPMorgan, National Bank of Abu Dhabi and Standard Chartered Bank are the bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used to pay for the delivery of superjumbo jets.
Emirates is an airline based in Dubai.
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