Monday, May 30, 2011
DUBAI (Zawya Dow Jones)--Emirates Airline's planned bond issue will likely be priced at 350 basis points over five-year mid swaps, with the official final pricing expected by the end of the week, two bankers familiar with the deal said Monday.
"Initial price whisper mid swaps +350. Final pricing is expected end of this week," one of the bankers told Zawya Dow Jones Monday.
Another banker familiar with the deal said the size is expected to be benchmark at around $500 million.
Deutsche Bank, Emirates NBD, HSBC Holdings Plc, and Morgan Stanley are all involved in the dollar-denominated bond, one of the banks hired to arrange the deal told Zawya Dow Jones last week.
Emirates Airline met fixed-income investors in Hong Kong, Singapore, Dubai, Abu Dhabi and London last week. The carrier has also scheduled meetings in Geneva on May 30.
-By Mirna Sleiman, Dow Jones Newswires; +9714 446-1698; mirna.sleiman@dowjones.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
30-05-11 0844GMT
