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Dubai's Emirates airline launches $750mn bond

DUBAI: Emirates airline, Dubai's flagship carrier, launched a $750 million 12-year amortising bond on Thursday, with

Published January 31, 2013 Updated January 31, 2013 01:21pm

1 min

By Shoaib Ur Rehman

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The bond, which matures in 2025, and carries an average life of seven years, launched at 300 basis points over seven-year midswaps, at the wider end of guidance released on Wednesday.

Citibank, Deutsche Bank, Emirates NBD , JPMorgan Chase, Morgan Stanley and Standard Chartered PLC are lead arrangers on the issue.

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