Aviation Sukuk Issues

BorrowerDateArrangerSizeProfitTerm
Malaysia Airlines BerhardMarch 2016CIMB and DBS Bank$750 million3.035%5 years
Garuda IndonesiaMay 2015Dubai Islamic Bank, ANZ, Standard Chartered Bank, Deutsche Bank and others$500 million5.950%5 years
EmiratesMarch 2015Citigroup, HSBC$913 million2.471%10 years
FlydubaiNovember 2014Crédit Agricole CIB, Dubai Islamic Bank, Emirates NBD Capital, HSBC, National Bank of Abu Dhabi, Noor Bank, Standard Chartered$500 million3.776%5 years
AirAsiaOctober 2014AmInvestment Bank$255 millionPerpetual
EmiratesMarch 2013Citigroup, Standard Chartered, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, ENBD Capital $1 billion
Malaysia AirlinesSeptember 2012Maybank Investment Bank$127 million6.9%Perpetual
Malaysia Airlines June 2012Maybank Investment Bank$250 million6.9%Perpetual
GE CapitalNovember 2009Citi, Goldman Sachs$500 million3.875%5 years
AirAsiaMay 2008Bank Islam Malaysia, Kuwait Finance House$125 million5 years
EmiratesJune 2005Dubai Islamic Bank$550 million75bp cent over 6 months USD Libor 7 years

Source: Aircraft Investor

Bex Pearson
By Bex Pearson December 26, 2015 09:20

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