Dubai Aerospace secures $300m, five-year loan

  • Date: 04-Feb-2020
  • Source: Gulf Business
  • Sector:Defense
  • Country:UAE
  • Who else needs to know?

Dubai Aerospace secures $300m, five-year loan

The unsecured term facility will contain a conventional and an Islamic tranche, and can be upscaled to $600m. The lenders comprise of Emirates Islamic and Emirates NBD Capital, the investment banking arm of Emirates NBD.. In January 2020, Moody upgraded the corporate family rating of DAE to Baa3 from Ba1..

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