Financial and Banking News
Emirates Airlines Borrows $100mn for Two Airbuses
Five banks are to lend Emirates airlines $100mn to cover the cost of twoAirbuses due for delivery in April and November. The money will be provided byBanque Indosuez ($30mn), Morgan Grenfell ($20mn), Barclays ($10mn), and DeutscheGirozentrale and Kreditanstalt fur Wiederaufbau (who will take care of theremaining $40mn). The loan is for 10 years with a fixed rate of 7.58%....