Dubai Aerospace Enterprise hires banks for dollar sukuk -document

An issuance of 5-1/4-year senior unsecured sukuk will follow, subject to market conditions, the document from one of the banks on the deal said

  
Dubai aerospace reports its financial results for H1 2020, with total revenue $672.6 million, and net income $121.7 million. Image courtesy Dubai Media Office Twitter handle.

Dubai aerospace reports its financial results for H1 2020, with total revenue $672.6 million, and net income $121.7 million. Image courtesy Dubai Media Office Twitter handle.

DUBAI  - Dubai Aerospace Enterprise (DAE), one of the world's biggest aircraft leasing companies, has hired banks to arrange investor calls ahead of a planned issuance of U.S. dollar-denominated sukuk, or Islamic bonds, a document showed on Monday.

DAE, owned by sovereign wealth fund Investment Corporation of Dubai, hired Bank ABC, Commercial Bank of Dubai, Credit Agricole, Deutsche Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, GIB, Goldman Sachs, HSBC, JPMorgan, Mizuho, Natixis and Truist Securities.

An issuance of 5-1/4-year senior unsecured sukuk will follow, subject to market conditions, the document from one of the banks on the deal said.

(Reporting by Yousef Saba; editing by Jason Neely) ((Yousef.Saba@thomsonreuters.com; +971562166204))

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