VOL. XLVII

No 11

15-March-2004

UAE

CAPITAL MARKETS

Emirates Taps International Bond Market For First Time With $500Mn Issue

Dubai-based airline Emirates has tapped the international bond market for the first time, with the issue of a $500mn, seven-year floating rate note. The book-runner for the issue was HSBC, while the joint lead managers were HSBC, Emirates Bank International (EBI), National Bank of Abu Dhabi (NBAD) and National Bank of Dubai (NBD). Payment is due on 24 March, and the bond...