UAE – Mubasher: Dubai Aerospace Enterprise (DAE) has hired banks to arrange fixed income investor calls before issuing US dollar-denominated bonds, Reuters reported.
The hired banks include Goldman Sachs and Morgan Stanley, as shown by a cited document.
DAE seeks to sell benchmark bonds, generally exceeding $500 million, with maturities of four and/or seven years.
It is noteworthy to mention that in early January, DAE repurchased outstanding common shares worth $100 million.
