DAE preps new bond issuance

DAE preps new bond issuanceDAE preps new bond issuance

Dubai Aerospace Enterprise (DAE) is reported to have hired banks for its planned US dollar-denominated bond issuance. The bonds are expected to be issued in tranches of three and seven-year notes, which will  exercise a call option on bonds due next year and 2024, according to Reuters. Any remaining proceeds will be used for general corporate purposes. BNP Paribas , Credit Agricole, Emirates NBD Capital , JPMorgan and Trust Securities have been named as the lead banks on the deal, with  Fifth Third Securities, First Abu Dhabi Bank, Goldman Sachs International, HSBC, Mizuho Securities, Morgan Stanley and Natixis as joint bookrunners and lead

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