Emirates airline said on Monday it has repaid a $550 million (Dh2.01 billion) sukuk bond in full on its maturity date June 18, 2012 and eyes more Islamic financing in the future amid the Eurozone debt crisis.
Gulf News had reported last week in an interview with the airlines’ President, Tim Clark, in Beijing, that the airline will repay its bond in full instead of refinancing it.
The $550m sukuk bond, listed on the Luxembourg Stock Exchange, was originally issued in 2005 with a seven year term, and was the first of its kind to be issued by Emirates, the carrier said in a statement, adding that it represented its “commitment to utilising a diverse range of funding tools, including Islamic financing”.
No comments:
Post a Comment