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Emirates Airline has received Airfinance Journal’s “Middle East Deal of the Year” award for the Singapore dollar bond. The issue size was $252 million and was the first issue by a non-Asian airline and the first by any Middle Eastern carrier. The issue was lead managed jointly by Singapore-based Citicorp Investment Bank (Singapore) Ltd, DBS Bank Ltd and Standard Chartered Bank. “We are very pleased to accept this distinguished award from Airfinance Journal,” said Brian Jeffery, Emirates’ senior vice-president corporate treasury. “We are proud of Emirates’ strong financial position and its standing in the world market, and we are honored to be recognized for diversification in our funding sources. This is an excellent introduction into the Asian capital markets for us, and we are grateful to each of the arrangers for their work in bringing together such an impressive group of investors.” |
