Finance

DAE announces early retirement of US$1.25bn senior notes

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DAE announces early retirement of US$1.25bn senior notes

Dubai Aerospace Enterprise (DAE) had delivered a notice of early redemption to the holders of the company’s US$800 million 4.50% senior notes due 2022 and US$1,000 million 5.00% senior notes due 2024. The notes are scheduled to be redeemed on August 2, 2021. The outstanding principal amount of the...

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