Emirates Names Banks For Bond Sale

UAE airline carrier, Emirates, is looking at financing options to raise capital.

UAE airline carrier, Emirates, is looking at financing options to raise capital, Reuters reports. The government-owned company has named Deutsche Bank, HSBC and Morgan Stanley for a bond issue.

The Dubai-based company had previously said that it had no plans to issue bonds or raise funds. Emirates had been in talks with banks about fundraising options and had decided to tap international debt capital markets.

Click here for the story from Reuters.