ATW Daily News
Emirates issues US bond offering to finance 777-300ER deliveries
Friday October 9, 2009Emirates said yesterday that it issued a $413.7 million US bond offering guaranteed by the US Export Import Bank to finance the delivery of three 777-300ERs. The secured notes are due Aug. 21, 2021, and payable in installments of principal and interest on a quarterly basis, the airline said. "This transaction is very important for the industry as it represents the first offering of its kind directly into the global public capital markets," Senior VP-Corporate Treasury Brian Jeffrey stated. "We believe bond markets represent an important source of capital for the airline industry in general and for Emirates in particular." Goldman, Sachs & Co. and Calyon Securities acted as joint bookrunners and joint structuring agents.
Other headlines:
- IATA halves forecast 2010 loss to $2.8 billion from $5.6 billion
- Lufthansa targeting 'slight' improvement after rough 2009
- Korean regulators tag KE, Asiana for antitrust violations; KE faces ACCC cargo charge
- Air France KLM maintains African commitment
- Emirates committed to A380 despite growing pains
- Qatar Airways to serve Argentina, Brazil
- China Eastern expands cargo holdings with Great Wall
- Oneworld trio aims to appease European regulators with London slot leases
- Special items, cuts return Cathay Pacific to profit
- US regional growth could hinge on major airline labor negotiations
ATW Media Group
If you have a technical question about this site, please contact the Webmaster
Privacy Statement ·
Terms of Use ·
Digital Dropoff ·
Media Kit
Copyright ©2010 Penton Media, Inc.
XML
Podcasts
