Dubai Civil Aviation Authority mulls bond issue

19 October 2009

Dubai Civil Aviation Authority may issue bonds to refinance a $1bn sukuk maturing next month, Bloomberg has reported, citing two bankers familiar with the transaction. The authority has hired UBS, Dubai Islamic Bank, Standard Chartered and Bank of Tokyo-Mitsubishi UFJ to manage the Islamic and conventional bond sale, according to the bankers.

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications