* Emirates airline picks banks for fixed income meetings -
* Meetings scheduled for Asia, London, U.S. between Jan.
* Bond to follow, subject to market conditions
* Govt-owned airline's roadshow comes after Dubai issues
$1.25 bln in bonds
DUBAI, Jan 23 Emirates, Dubai's
flagship carrier, has picked six banks to arrange investor
meetings ahead of a possible bond issue, a document from
arranging banks said on Wednesday.
The airline chose Citigroup, Deutsche Bank,
Emirates NBD, JP Morgan Chase, Morgan Stanley
and Standard Chartered to arrange the roadshows,
the document said.
A bond could follow the meetings, which will be held in
London and Singapore on Jan. 28, Boston and Hong Kong on Jan. 29
and New York on Jan. 30, subject to market conditions, it added.
The airline will hope to follow the success of the
government of Dubai, which priced a $1.25 billion two-tranche
offering on Tuesday following significant investor demand.
Last September, Emirates Chief Executive Tim Clark said the
carrier would issue bonds as part of a broader financing
strategy for its aircraft orders worth billions of dollars.
Emirates last issued a bond in June 2011, with the $1
billion instrument currently trading to yield around 3 percent
, but since then it has also sold Enhanced
Equipment Trust Certificates (EETCs), which are similar to a
form of secured debt financing, like mortgages.