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...