DAE hires banks for US dollar bond issuance
- Date: 11-Jan-2021
- Source: Mubasher
- Sector:Financial Services
- Country:UAE
DAE hires banks for US dollar bond issuance
The hired banks include Goldman Sachs
11 January 2021 12:07 PM
UAE - Mubasher: Dubai Aerospace Enterprise (DAE) has hired banks to arrange fixed income investor calls before issuing US dollar-denominated bonds, Reuters reported.
The hired banks include Goldman Sachs and Morgan Stanley, as shown by a cited document.
DAE seeks to sell benchmark bonds, generally exceeding $500 million, with maturities of four and/or seven years.
It is noteworthy to mention that in early January, DAE repurchased outstanding common shares worth $100 million.