"Doric Lease Corp. and Nimrod Capital LLP sold shares backed by leasing revenue from Airbus SAS A380 superjumbos operated by Emirates, the third such investment asset tied to the world’s largest passenger plane.
The companies issued shares in Doric Nimrod Air Three Ltd. in London today at 100 pence, with an initial market value of 220 million pounds ($334 million), according to a statement. The shares opened at 107.5 pence and rose as high as 109.5 pence.
DNA3 is the duo’s third offering of shares tied to the ownership and stream of leasing revenues for the double-decker A380. Investors buying DNA3 will get quarterly dividends of 8.25 percent a year, based on the 100-pence issue price. Once the plane comes off lease, they will get the proceeds when the aircraft is sold."
'via Blog this'
No comments:
Post a Comment