The UAE and India forging stronger bonds
business1 hour ago
Dubai Aerospace Enterprise (DAE) has announced that it had delivered a notice of early redemption to the holders of the company’s $500 million of 5.25 per cent senior notes due 2021.
The notes are scheduled to be redeemed on October 15, 2021. The outstanding principal amount of the notes as of the date of the redemption notice was approximately $488 million.
The notes will be redeemed in accordance with the terms and conditions of the applicable indenture at a redemption price equal to 100 per cent of the principal amount of the notes, plus accrued and unpaid interest, if any.
Wells Fargo Bank is the trustee and paying agent for the notes. The terms of the redemption are further described in the redemption notice.
In the last 12 months, DAE issued new senior unsecured notes with a combined principal amount of $3.3 billion with a weighted average maturity of 4.7 years, and redeemed or announced for redemption senior unsecured notes with a combined outstanding principal balance of approximately $2.2 billion.
business@khaleejtimes.com
The UAE and India forging stronger bonds
business1 hour ago
Come along as we explore the best looks worn by stars such as Zendaya and Alia Bhatt, intricate details of their designer’s creations, and our thoughts on each ensemble!
entertainment1 hour ago
Developers and community managers conduct free cleaning and repairs for residences, helping areas that have been severely damaged
uae2 hours ago
Global output may be cut by $1 trillion, finds new analysis
energy2 hours ago
The patient made a full recovery and was discharged within three days
health2 hours ago
Opinion polls indicate Modi will win a rare third term when voting ends on June 1
asia2 hours ago
Ben Affleck, Katy Perry and Justin Bieber's absence also raised eyebrows
entertainment2 hours ago
The Russian president says he's open to nuclear talks with the West
europe2 hours ago