Thursday 29 September 2011

Dubai's Emirates eyes $1 bln bond - exec to paper | Reuters

Dubai's flagship Emirates airline is planning to issue $1 billion in bonds, a senior official was quoted as saying on Thursday, to counter uncertainty about financing as European banks struggle.

Brian Jeffrey, senior vice president of corporate treasury, told Arabic language daily al-Bayan, that the airline was considering the new bonds to finance aircraft purchases, given funding challenges faced by European banks.

Emirates, which issued a $1 billion bond in June, said diversifying funding options is always on the table.

No comments:

Post a Comment