Emirates airline, one of the Arab world's largest carriers, is looking at financing options, its president said on Thursday, after reports the company had mandated banks for a bond issue.
Government-owned Emirates was understood to have picked Deutsche Bank, HSBC and Morgan Stanley for a bond sale, IFR Markets, a unit of Thomson Reuters, reported on Thursday, citing bankers away from the mentioned lenders. "We are testing the waters to see if something like this would work," Emirates president Tim Clark said.
"It is an ongoing process and we do it all the time. There is no certainty whether or not a bond will be issued this year."
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