Dubai-Mubasher: UAE’s airline Emirates repaid in full a $1 billion (AED 3.673 billion) bond on its maturity date of 8 June with its own cash resources.
The bond was raised five years ago to address the airline’s capital requirements, according to a statement published.
Emirates will also be repaying a bond totaling 150 million Singapore dollars later this month that was raised in 2006.
By the end of 2016, the airline will have repaid six bonds and sukuks in full $2.84 billion over the course of the last five years.
