Dubai Aerospace to price $1.25 billion senior notes in two tranches on Thursday

By Abigail W. Adams

Portland, Me., Oct. 31 – Dubai Aerospace Enterprise Funding LLC plans to price a $1.25 billion offering of senior notes in three-year and five-year tranches on Thursday, according to a market source.

The deal is being marketed via an investor conference call scheduled for 10 a.m. ET on Thursday.

Morgan Stanley, BNP Paribas, Credit Agricole CIB, Deutsche Bank, Goldman Sachs, HSBC, Mizuho, Natixis and SunTrust Robinson Humphrey are joint bookrunners for the Rule 144A for life and Regulation S offering.

The three-year tranche is non-callable. The five-year tranche is callable after two years.

Proceeds will be used for the repayment of debt and for general corporate purposes.

Dubai Aerospace Enterprise is a Dubai-based aerospace corporation engaged in aircraft leasing and engineering activities.

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