Dubai Aviation Industries raised $ 1.25 billion from the sale of unsecured dollar 4-year and 7-year bonds.
According to Reuters, the company sold $ 500 million in 4-year bonds with a yield of 2.625%, and also sold $ 750 million in seven-year bonds at a yield of 3.375%. / p>
Goldman Sachs, Morgan Stanley, Credit Agricole, Emirates NBD and Fifth Third Securities took over the bookkeeping for this transaction.
and a document issued a few days ago showed that the Emirati company had hired banks to arrange calls with investors in fixed income instruments before the planned issuance of dollar-denominated bonds.
The company recently announced an update on its business dealings for the entire year for 2020 in relation to the aircraft leasing division of Dubai Aviation Industries Capital.
and within the update, the $ 192 million bond repurchase and $ 350 million stock buyback.
The company announced last Thursday that it intends to select advisors to sell a potential $ 750 million bond as it seeks to expand its fleet.
The company announced last March that it had resumed its bond repurchase program.
It is worth noting that Dubai Aerospace Industries is a company wholly owned by the Government Investment Corporation of Dubai (the sovereign fund of the Government of Dubai).
