Sunday 04, November 2018 by Kudakwashe

Dubai Aerospace raises $1 billion in dual-tranche notes

 

The proceeds from the debt sale will be used for general corporate purposes and to refinance existing debt.

Dubai Aerospace Enterprise (DEA) has announced that it raised $1 billion in bonds, $250 million less than the amount it had originally said it planned to raise.

In a statement, DEA stated that it has issued $500 million in senior notes due in 2021 and $500 million due in 2023.

Earlier this week, the company had said that it planned to issue $1.25 billion in senior notes. 

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