Emirates on Wednesday announced the successful close of its US dollar "Reg S" bond issue at $1 billion.
The unrated issue will carry a coupon of 5.125 per cent per annum fixed, payable semi-annually. It will have a five-year maturity and will be listed on the London Stock Exchange.
"This issue from Emirates has received an overwhelmingly positive response from a wide range of investors, which is indicative of our financial strength. This also shows a high level of confidence in our successful business model and growth plans," said Shaikh Ahmad Bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation and Chairman and Chief Executive of Emirates airline and Group. Emirates was able to achieve attractive pricing from a wide geographical spread of investors.
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