DAE raises $1.25bln by selling four, seven-year dollar bonds-document

DUBAI  – Aircraft leasing firm Dubai Aviation Enterprise has raised $1.25 billion through the sale of four and seven year unsecured dollar bonds, according to a document seen by Reuters.

It sold $500 million in four-year bonds for 2.625% and $750 million worth of seven year bonds were sold at a coupon rate of 3.375%, the document showed.

Goldman Sachs, Morgan Stanley, Credit Agricole, Emirates NBD Capital and Fifth Third Securities were active bookrunners for the deal, the document said.

(Reporting by Saeed Azhar; Editing by Alison Williams) ((Saeed.Azhar@thomsonreuters.com; +971 44536787; Reuters Messaging: saeed.azhar.reuters.com@reuters.net))

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