Dubai Aerospace Enterprise expected to sell $500mln in sukuk – document

SourceZawya
SectorFinancial Markets
CountryUAE

Dubai Aerospace Enterprise expected to sell $500mln in sukuk - document DAE began marketing the Islamic bonds at around 4.375% earlier on Thursday    DAE’s new Boeing 737 MAX 8.DUBAI- Dubai Aerospace Enterprise (DAE), one of the world's biggest aircraft leasing companies, is expected to sell $500 million in sukuk with a tenor of five and a quarter years, for which it tightened the guidance to between 4% and 4.125%, a document showed on Thursday.DAE began marketing the Islamic bonds at around 4.375% earlier on Thursday and the deal is expected to close later in the day, according to a separate document also from one of the banks on the deal.(Reporting by Yousef Saba; Editing by Toby Chopra) ((Yousef.Saba@thomsonreuters.com; +971562166204))Zawya CoverageinvestmentKIKLABB, NY Koen Group partnership aims to facilitate UAE and Israel business tieseconomyZurich, Paris and Hong Kong overtake Singapore and Osaka as most expensive citieseconomyGlobal debt on track to exceed $277trln in 2020 - IIFaviationEtihad, El Al Israel Airlines will explore codeshare deals, cargo, MRO operationspolicyEmiratis in Abu Dhabi entitled for housing allowance in line with job gradeMoreReuters CoveragepoliticsKuwait appoints emir's son as new deputy head of National GuardgrainsProducers cut Ukraine 2020 sunseed crop forecastconstructionItaly should discuss revocation...read more...