Arab Today, arab today emirates can settle us550m debt next month
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Arab Today, arab today
Arab Today, arab today

Emirates can settle US$550m debt next month

Arab Today, arab today

Arab Today, arab today Emirates can settle US$550m debt next month

Dubai - Arabstoday

Emirates, the biggest airline by international traffic, has ‘good’ cash flows and is able to repay its US$550m of Islamic bonds due in June, Senior Vice President of Corporate Treasury Brian Jeffery said. The airline has not decided whether it will repay or refinance the debt, Jeffery told reporters in Dubai today. The price differential of issuing sukuk as opposed to non-Islamic debt would need to be “significant” to issue the Shariah-compliant securities, he said. By / Arabian Business

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