Fast-growing Dubai-based airline Emirates [EMIRA.UL] launched a five-year $1 billion bond in an upsized offering at the lower end of its initial price guidance.
The company said the bond launched at 330 basis points over midswaps, as reported earlier by Reuters, with a coupon of 5.125 percent.
Final price guidance for the bond had been in the range of 330 basis points to 337.5 bp over midswaps and carried a reoffer price of 99.904.
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