Dubai Aerospace Enterprise hires banks for second dollar bond sale of 2021

DAE hired BNP Paribas, Credit Agricole, Emirates NBD Capital, JPMorgan and Trust Securities

  
A U.S. Dollar banknote is seen in this illustration taken May 26, 2020. Image used for illustrative purpose

A U.S. Dollar banknote is seen in this illustration taken May 26, 2020. Image used for illustrative purpose

REUTERS/Dado Ruvic/Illustration

DUBAI - Dubai Aerospace Enterprise (DAE), one of the world's biggest aircraft leasing companies, has hired a group of banks to arrange fixed income investor calls before a planned issuance of U.S. dollar-denominated bonds, a document showed on Friday.

DAE, owned by the Dubai government's main investment arm the Investment Corporation of Dubai, hired BNP Paribas, Credit Agricole, Emirates NBD Capital, JPMorgan and Trust Securities, the document from one of the banks showed.

A benchmark issuance of unspecified tenor will follow, subject to market conditions. DAE raised $1.25 billion in a dual-tranche bond deal in January. 

(Reporting by Yousef Saba; Editing by Edmund Blair) ((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba))


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