VOL. XLIV
No. 28
9-July-2001
UAE
Emirates Doubles Dh750Mn Domestic Bond Issue
The Dubai-owned airline Emirates announced on 2 July that it had doubled the amount of its first domestic corporate bond issue from the original Dh750mn ($205.4mn) to Dh1.5bn ($408mn) in response to very strong market demand the first tranche was oversubscribed by two-and-a-half times. MEES understands that the issue also closed prematurely on 28 June due to the strength of investor appetite. The Emirates issue is the...
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