Dubai's Emirates Airline sets initial talk for dollar benchmark seven-year notes

By Christine Van Dusen

Atlanta, Jan. 30 - Dubai's Emirates Airline set initial price talk at the mid-swaps plus high-200 basis points to 300 bps area for its dollar-denominated issue of benchmark-sized notes due in February 2025, a market source said.

Citigroup, Deutsche Bank, Emirates NBD Bank, JPMorgan, Morgan Stanley and Standard Chartered Bank are the bookrunners for the Rule 144A and Regulation S deal.

The notes include a change-of-control put in case the government of Dubai ceases to be the majority owner.

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