DAE Board Of Directors Approve US$300 Million Bond Repurchase Program #Dubai - Dubai City Guide
Guest Posts, Link Building, SEO, Pay-Per-Click campaigns
Advanced Search
Sbot
Download our Media Kit

Restaurants

Education


 





Home / News /
   

DAE Board Of Directors Approve US$300 Million Bond Repurchase Program
(9 July 2018)

 

Dubai Aerospace Enterprise (DAE) Ltd. announced today that its Board of Directors and Shareholders had approved a bond repurchase program of up to US$300 million. Repurchases will be conducted through transactions in the open market. DAE also announced that pursuant to this approval it had repurchased US$43 million of its bonds maturing in 2024.

DAE Managing Director Khalifa AlDaboos said: “Our bonds, in our opinion, are currently trading at prices and spreads not consistent with the Company’s market position and strong credit profile. The strength of our balance sheet and our projected cash position allow us to repurchase our bonds at a considerable discount and improve the gross leverage position of the Company.”   

DAE currently has US$2.3 billion in bonds in US capital markets.



Download the Dubai City Guide iPhone mobile app


DubaiCityGuide.com is owned and managed by Cyber Gear



  All fields are mandatory
Your Name
Email
City
Country
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image

     
 
email print
1378
 

Sponsored By : PressReleaseNetwork.com           Sponsored Opportunities

       
       
   
       
Exclusive Staycation Offers For Summer

Daily Guide

 



Hotels hotels Check out Hotels in Dubai
Shopping shopping A complete Mall & Store Guide
Dining dining Eating out at the coolest spots
Sightseeing sightseeing Things to see & do
DCG Recommends dcg recommends Best of the best in Entertainment
News Alerts
News Alerts
Stay ahead with dubai news
dcg mobile
dcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Dubai Blog
Your space, your voice
sitemap
Sitemap
DCG at a glance