Monday 30 May 2011

Emirates eyes benchmark 5-year dollar bond-leads

Emirates, Dubai's flagship carrier, is eyeing a benchmark five-year dollar bond with early talk indicating pricing of 350 basis points over midswaps, the lead arrangers said on Monday.

Emirates, one of the world's fastest-growing airlines, wraps up its bond roadshow, which began in Hong Kong on May 23, in Switzerland on Monday.

HSBC, Deutsche Bank, Emirates NBD and Morgan Stanley have been mandated as joint lead managers (JLMs) and joint bookrunners for the bond sale.

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