Agency: “Dubai Aviation Industries” plans to issue dollar bonds

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Dubai – Mubasher: A document showed that Dubai Aviation Industries, one of the largest aircraft leasing companies in the world, has appointed banks to arrange calls with investors in fixed income instruments prior to the planned issuance of bonds denominated in US dollars.

The document indicated, according to Reuters news agency, that among those banks, “Goldman Sachs” and “Morgan Stanley.”

Dubai Aerospace Industries is looking to sell standard-size bonds with a maturity of four or seven years, according to the document issued by one of the banks leading the deal.

She noted that bonds of standard size are usually not less than $ 500 million.

And recently, Dubai Aviation Industries announced a transaction update Its business for 2020 In full regarding the aircraft leasing division, “Dubai Aviation Industries Capital”.

Among the modernization, bond buybacks worth $ 192 million and stock buybacks: $ 350 million.

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