Published on 3/25/2015 in the Prospect News Emerging Markets Daily.
New Issue: Emirates airline prices $913 million 2.471% notes due 2025 at par
By Christine Van Dusen
Atlanta, March 25 – The United Arab Emirates-based Emirates priced a $913,026,000 issue of 10-year notes at par to yield 2.471%, or mid-swaps plus 90 basis points, on Wednesday, 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 were the bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used to pay for delivery of superjumbo jets.
Emirates is an airline based in Dubai.
Issuer: | Emirates
|
Amount: | $913,026,000
|
Maturity: | March 31, 2025
|
Description: | Notes
|
Bookrunners: | Abu Dhabi Islamic Bank, Citigroup, Dubai Islamic Bank, ENBD Capital, HSBC, JPMorgan, National Bank of Abu Dhabi, Standard Chartered Bank
|
Coupon: | 2.471%
|
Price: | Par
|
Yield: | 2.471%
|
Spread: | Mid-swaps plus 90 bps
|
Trade date: | March 25
|
Settlement date: | March 31
|
Distribution: | Rule 144A and Regulation S
|
Price talk: | Mid-swaps plus 100 bps area
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.