DUBAI  - Emirates, the Dubai-based airline, announced in a statement on Friday the execution of a $600 million U.S. dollar-denominated Islamic bond with a 10-year tenor.

The sukuk was priced at 4.5 percent, equivalent to 183.2 basis points over five-year U.S. dollar mid-swaps, the statement said.

(Reporting by Alexander Cornwell, Writing by Katie Paul) ((Katie.Paul@thomsonreuters.com;))