VOL. XLIV
No 34
20-August-2001
UAE
Emirates Airlines Secures $88.6Mn Refinance Deal
EmiratesAirlines announced on 15 August that it had secured a 10-year $88.6mnrefinancing agreement with a consortium of banks and export credit agencies(ECAs). The facility will replace an existing lease arrangement, which was usedto fund the purchase of an Airbus A330-200. The transaction was lead arrangedby HSBC and is 85% guaranteed by the UKs ECA, ECGD, Germanys HermesKreditversicherungs and Frances COFACE....
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