No. 40



Second Tranche Of Emirates Loan Announced

British Bank of the Middle East (BBME), a subsidiary of HSBC Holdings, has lead managed a second tranche of loan finance for a Boeing 777 on behalf of Emirates Group, the wholly government-owned airline of the state of Dubai. The deal is worth $125mn, to be repaid over 12 years at a margin of 0.5% over LIBOR and mirrors a first $106.25mn loan for Emirates which was lead-managed by Citibank on the same terms...