A bond issue from Dubai's flagship carrier Emirates airline is likely to be for expansion purposes rather than refinancing debt and would attract strong demand in spite of the current regional upheaval, a banker said.
Emirates, one of the Arab world's largest airlines, which has a $190 million loan repayment due on February 26, has mandated banks for a bond issue, IFR markets, a unit of Thomson Reuters, reported earlier this month.
The airline has total debt maturities in the first quarter of 2011 of nearly $780 million. This includes a $500 million bond repayment due on March 24, Thomson Reuters data showed.
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