Dubai Aerospace Enterprise hires banks for dollar bonds - document

DAE, owned by the Investment Corporation of Dubai, is looking to sell benchmark bonds with maturities of four and/or seven years

  
Dubai aerospace. Image courtesy Dubai Media Office Twitter handle.

Dubai aerospace. Image courtesy Dubai Media Office Twitter handle.

DUBAI - Dubai Aerospace Enterprise (DAE), one of the world's biggest aircraft leasing companies, has hired banks including Goldman Sachs and Morgan Stanley to arrange fixed income investor calls ahead of a planned issuance of U.S. dollar-denominated bonds, a document showed on Monday.

DAE, owned by the Investment Corporation of Dubai, is looking to sell benchmark bonds with maturities of four and/or seven years, according to the document issued by one of the banks leading the deal.

Benchmark bonds are generally meant to be upwards of $500 million.

(Reporting by Davide Barbuscia; Editing by Hugh Lawson) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))


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