Dubai Aerospace Enterprise expected to sell $500mln in sukuk - document

DAE began marketing the Islamic bonds at around 4.375% earlier on Thursday

  
DAE’s new Boeing 737 MAX 8.

DAE’s new Boeing 737 MAX 8.

DAE/Handout via Thomson Reuters Zawya

DUBAI- Dubai Aerospace Enterprise (DAE), one of the world's biggest aircraft leasing companies, is expected to sell $500 million in sukuk with a tenor of five and a quarter years, for which it tightened the guidance to between 4% and 4.125%, a document showed on Thursday.

DAE began marketing the Islamic bonds at around 4.375% earlier on Thursday and the deal is expected to close later in the day, according to a separate document also from one of the banks on the deal.

(Reporting by Yousef Saba; Editing by Toby Chopra) ((Yousef.Saba@thomsonreuters.com; +971562166204))


More From Currencies