Emirates issues $413m Bond to finance Aircraft

08.10.2009 UAE

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Dubai's Emirates airline has issued a $413.7 million bond to finance three Boeing 777-300ER aircraft at a fixed rate of 3.465 percent, the company said in a statement on Thursday.

 


The issue comes a week after United Arab Emirates carrier Etihad Airways signed $1 billion worth of export credit guarantees to finance eight aircraft.

The note issued by Emirates, which matures in 2021, was guaranteed by the Export-Import Bank of the United States.
Goldman Sachs and Calyon acted as joint book runners.

Emirates has a $55 billion order book for planes from Boeing and Airbus and expects to receive about 10 planes a year.

 

 
 

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