Emirates airline repays $1b bond | GulfNews.com:
"Emirates airline announced on Thursday that it has repaid a bullet bond [Bullet bond is a debt instrument whose entire face value is paid at once on the maturity date] in full for the value of $1 billion on its maturity date of June 8.
The bond was raised in 2011 to address Emirates’ working capital requirements. Emirates will also be repaying a bond totaling 150 million Singapore dollars later this month that was raised in 2006.
The airline is repaying both bonds from its own cash resources."
'via Blog this'
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