VOL. XLVII

No 01

5-January-2004

CAPITAL MARKETS

Emirates Plans $400Mn Bond Issue

Dubai-based airline Emirates has announced plans to launch an international bond issue in 2004 worth $400mn the first time it has tapped the international bond market, and only the second time it has issued a bond. The bond will be denominated in US dollars and will have a maturity of seven years with a floating interest rate. Initially it will be listed in Luxembourg, but later it will also be listed with the Dubai...