Dubai's Emirates airline launches $750 mln bond

DUBAI Thu Jan 31, 2013 8:20am EST

DUBAI Jan 31 (Reuters) - Emirates airline, Dubai's flagship carrier, launched a $750 million 12-year amortising bond on Thursday, with final pricing due later in the day, arranging banks said.

The bond, which matures in 2025, and carries an average life of seven years, launched at 300 basis points over seven-year midswaps, at the wider end of guidance released on Wednesday.

Citibank, Deutsche Bank, Emirates NBD , JPMorgan Chase, Morgan Stanley and Standard Chartered PLC are lead arrangers on the issue.

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