#Dubai Aerospace Enterprise hires banks for second dollar bond sale of 2021 | ZAWYA MENA Edition

Dubai Aerospace Enterprise hires banks for second dollar bond sale of 2021 | ZAWYA MENA Edition

Dubai Aerospace Enterprise (DAE), one of the world's biggest aircraft leasing companies, has hired a group of banks to arrange fixed income investor calls before a planned issuance of U.S. dollar-denominated bonds, a document showed on Friday.

DAE, owned by the Dubai government's main investment arm the Investment Corporation of Dubai, hired BNP Paribas, Credit Agricole, Emirates NBD Capital, JPMorgan and Trust Securities, the document from one of the banks showed.

A benchmark issuance of unspecified tenor will follow, subject to market conditions. DAE raised $1.25 billion in a dual-tranche bond deal in January.