Dubai Aerospace Enterprise Plans USD-Denominated Sukuk Issuance; Programme Rated ‘BBB-(EXP)’ by Fitch, ‘(P)Baa3’ by Moody’s

Dubai Aerospace Enterprise (DAE), a global aircraft leasing company with headquarters in Dubai, United Arab Emirates, has hired banks to arrange investor calls for a planned issuance of USD-denominated Sukuk, according to a document from one of the banks arranging the deal.

An issuance of 5-1/4-year senior unsecured Sukuk is expected to follow, subject to market conditions, according to the document. DAE, which is owned by Investment Corporation of Dubai, has hired Bank ABC, Commercial Bank of Dubai, Credit Agricole, Deutsche Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, Gulf International Bank, Goldman Sachs, HSBC, JPMorgan, Mizuho Bank, Natixis and Truist Securities for the planned issuance, ac...