Sunday, October 17, 2021

Emirates NBD successfully signs USD 750 Million 5-year dual tranche financing facility with Emirates Airline

Ahmed Al Qassim, Senior Executive Vice President and Group Head, Corporate & Institutional Banking, Emirates NBD

Emirates NBD has successfully signed a USD 750 million 5-year Dual Tranche Financing Facility with Emirates Airline on 30th September 2021. The landmark transaction remains competitively priced and marks a first for Emirates Airline as a sales-receivable backed financing structure, aimed to diversify their liquidity pool.

Emirates NBD acted as Bookrunner, Mandated Lead Arranger and Global Agent for the transaction.

Ahmed Al Qassim, Senior Executive Vice President, Group Head of Corporate & Institutional Banking for Emirates NBD said: “This first-of-its-kind transaction demonstrates Emirates NBD Group’s commitment towards supporting Emirates, the largest airline in the region. As a leading regional bank, we are continuously exploring new and innovative financing solutions to support our valued clients and their long-term objectives. As Dubai gears up to be the most visited city by 2025, we look forward to playing our part in achieving this goal through more of such landmark transactions with Emirates Airline”

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