Tuesday 19 March 2024
 
»
 
»
Story

flydubai...new sukuk pricing

Dubai Aviation Corp launches $500m sukuk

DUBAI, November 19, 2014

Dubai Aviation Corp, known as flydubai, has launched a $500 million five-year sukuk at the tight end of its previously-marketed price range, with the sale set to complete later on Wednesday, a document from lead managers said.

The sukuk pricing was last revised to between 200 basis points and 212.5 basis points over midswaps, after being marketed initially at 225 bps over the same benchmark on Tuesday.

Credit Agricole, Dubai Islamic Bank, Emirates NBD, HSBC, National Bank of Abu Dhabi, Noor Bank and Standard Chartered are arrangers for the sukuk sale by the unlisted carrier, fully owned by the Dubai government.-Reuters




Tags: sukuk | Flydubai |

More Finance & Capital Market Stories

calendarCalendar of Events

Ads