VOL. XLI
No. 39
28-September-1998
UAE
Emirates Airlines Signs $117.3Mn Loan
Emirates Airlines, the UAEs national carrier, has signed a10-year lease finance agreement worth $117.3mn for the purchase of a Boeing 777 aircraftdue to be delivered next month. The loan is priced at 57.5bps over a floating rate. Theequity component of the facility was arranged by Citibank, and HSBC Investment Bank Asiaarranged the debt. Participating lenders comprise the National Bank of Dubai, HSBC,Commerzbank, Arab...
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