FlyDubai sets talk at mid-swaps plus 225 bps area for five-year sukuk

By Christine Van Dusen

Atlanta, Nov. 18 – Dubai Aviation Corp. (FlyDubai) set talk in the mid-swaps plus 225 basis points area for an offering of Islamic bonds due in five years, a market source said.

Credit Agricole CIB, Dubai Islamic Bank, Emirates NBD, HSBC, National Bank of Abu Dhabi, Noor Bank and Standard Chartered Bank are the bookrunners for the sukuk issue.

The issuer is a low-cost airline.

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