Emirates airline signs $750mln sales-backed loan

The landmark transaction remains competitively priced and marks a first for Emirates Airline as a sales-receivable backed financing structure, aimed to diversify their liquidity pool: Emirates NBD

  
Image used for illustrative purpose.. Emirates airline. Image courtesy Dubai Media Office Twitter handle.

Image used for illustrative purpose.. Emirates airline. Image courtesy Dubai Media Office Twitter handle.

Dubai Media Office

DUBAI  - Emirates has signed a $750 million five-year, dual-tranche financing facility with Emirates NBD, Dubai's biggest lender, the bank said in a statement on Tuesday.

"The landmark transaction remains competitively priced and marks a first for Emirates Airline as a sales-receivable backed financing structure, aimed to diversify their liquidity pool," Emirates NBD said.

(Reporting by Yousef Saba; editing by Jason Neely) ((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba))


More From Financial Services