Publication Date:
Fri, 2003-12-19 03:00
DUBAI, 19 December 2003 — Dubai-based Emirates Airlines said yesterday it plans a $400-million bond issue in 2004 to raise funds for further expansion. “The purpose of the bond issue is to raise funds for general corporate finance purposes,” Emirates Chairman Sheikh Ahmed ibn Saeed Al-Maktoum said in a statement. “Emirates has a major expansion program planned for the coming years.
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