Home Industry Finance Dubai’s Emirates NBD signs $750m financing facility with Emirates Airline Emirates NBD acted as bookrunner, mandated lead arranger and global agent for the transaction by Zainab Mansoor October 5, 2021 Dubai lender Emirates NBD has signed a $750m 5-year dual tranche financing facility with carrier Emirates Airline on September 30, 2021. The transaction remains competitively priced and marks a first for Emirates Airline as a sales-receivable backed financing structure, aimed to diversify their liquidity pool, a statement said. Emirates NBD acted as bookrunner, mandated lead arranger and global agent for the transaction. We are pleased to share that Emirates NBD has successfully signed USD 750 million 5-year Dual Tranche Financing Facility with @Emirates. The sales-receivable backed financing structure marks a first for Emirates (cont) https://t.co/x8gO83WKpV pic.twitter.com/xY99U8DaBL — Emirates NBD (@EmiratesNBD_AE) October 6, 2021 Ahmed Al Qassim, senior executive vice president, group head of corporate and institutional banking for Emirates NBD, said: “This first-of-its-kind transaction demonstrates Emirates NBD Group’s commitment towards supporting Emirates, the largest airline in the region. As a leading regional bank, we are continuously exploring new and innovative financing solutions to support our valued clients and their long-term objectives.” In June, Emirates NBD listed a $750m bond on Nasdaq Dubai, making the Dubai lender the largest financial services bond issuer on the exchange. Read: Emirates NBD lists $750m bond on Nasdaq Dubai Emirates NBD reported Dhs4.8bn in net profit for H1 2021, up 17 per cent year-on-year from Dhs4.09bn recorded during H1 2020. Read: Dubai’s Emirates NBD reports 17% year-on-year rise in net profit for H1 2021 Emirates NBD announced earlier this week that following approval from Reserve Bank of India, it is set to further expand in India. Read: Dubai’s Emirates NBD to expand presence in India with approval for two new branches Tags Emirates airline Emirates NBD financing facility liquidity 0 Comments You might also like Dubai’s Emirates NBD third quarter profit rises 38% UAE banks lead sustainable financing, initiatives ahead of COP28 Top UAE banks’ combined H1 2023 profit hits $7.4bn Emirates NBD makes equity investment in trade finance platform Komgo