Emirates secures finance for 3 Boeing 777-300ER

10 October 2009

Emirates airline has secured financing for three new Boeing 777-300ER aircraft. The transaction amounting to $413.7m with a fixed rate coupon of 3.465% per annum are due 21 August 2021 and are payable in installments of principal and interest on a quarterly basis. The inaugural US bond offering was guaranteed by the Export Import Bank of the United States (Ex-Im Bank).

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