Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 1036 Tue. May 01, 2007  
   
Business


Emirates gets Airfinance Journal's award
Dubai-based Emirates airline has received Airfinance Journal's "Middle East Deal of the Year" award for the Singapore dollar bond, says a press release.

The issue size was SGD 400 million (USD 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.

Now in its 27th year, the Airfinance Journal's Deal of the Year Awards are widely recognized as the most prestigious finance awards in aviation. The Emirates Singapore dollar bond is a testament to the ingenuity of the airline's bond financing team and its ability to accurately measure the capital markets' appetite for airline bonds, according to the leading industry publication.