Wednesday, 1 June 2011

Emirates eyes $750 mln from bond -sources - Maktoob News

Emirates airline, which is expected to price a dollar-denominated bond on Wednesday, is aiming to raise about $750 million from the sale, two banking sources said on Tuesday.

Lead managers on the issue had said that the Dubai airline was planning a benchmark-sized bond, which is typically at least $500 million.

"They're looking at a minimum of $500 million and a maximum of $750 million," said one of the sources. A second source confirmed the company was eyeing $750 million from the issue.

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