Dubai's Emirates sets initial price talk for dollar benchmark sukuk

By Christine Van Dusen

Atlanta, March 11 - Dubai's Emirates airline set initial price talk at mid-swaps plus the low 300 basis points area for its dollar-denominated issue of benchmark-sized Islamic bonds, a market source said.

Citigroup, Standard Chartered Bank, Abu Dhabi Commercial Bank, Dubai Islamic Bank and Emirates NBD are the bookrunners for the Regulation S deal.

The bonds include a change-of-control put.

The deal is expected to price early this week.

© 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.