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FINANCIAL NEWS
Emirates Airline confirm USD1b bond issuance
02 Jun 2011
(MENAFN) Emirates Airline’s chairman and chief executive, Sheikh Ahmed bin Saeed Al Maktoum, stated that the company was able to successfully close its bond issuance worth USD1 billion, reported Arabian Business.
The bond issuance was very popular that it was increased to a billion, even though original plans were set at USD500 million. The bonds would mature after five years.
Sheikh Ahmed said that the popularity of the bonds is an indication to high investor confidence in the airline and its business model.
It is worth noting that the Dubai flag carrier’s profit in 2011 hit USD1.6 billion in the past fiscal year.
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BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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