USD 750 Million Sukuk Issued by Dubai Aerospace Enterprises

Dubai Aerospace Enterprises (DAE) completed the sale of USD 750 million in Sukuk on the 19th of November 2020, according to a document issued from a bank involved in the deal.

With an initial price guidance of approximately 4.375%, the Sukuk comes with a tenure of five and a quarter year, carrying a profit rate of 3.875%.

The issuance was arranged by Bank ABC, Commercial Bank of Dubai , Credit Agricole, Deutsche Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, GIB, Goldman Sachs, HSBC, JPMorgan, Mizuho, Natixis and Trust Securities, according to media reports.

According to company reports, DAE has plans to expand on its f...