Dubai Aerospace’s upcoming dollar notes have three-year tenor

By Rebecca Melvin

Concord, N.H., June 15 – Dubai Aerospace Enterprise (DAE) Ltd.’s planned dollar-denominated benchmark offering of senior notes has a three-year maturity, according to a notice published by the London Stock Exchange on Tuesday.

The issuer is DAE Funding LLC.

As reported on June 11, the company has mandated BNP Paribas, Credit Agricole CIB, Emirates NBD, JPMorgan and Truist Securities as bookrunners of the Rule 144A and Regulation S deal. Fixed-income investor calls regarding the notes were expected to have been held on Monday.

The aerospace company is wholly owned by the Investment Corp. of Dubai and is based in Dubai, United Arab Emirates.

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