Emirates has closed a $600 million ten-year sukuk. The sukuk will be repaid in an amortising format over 10 years with legal maturity in March 2028. Proceeds from the issuance will be used for general corporate purposes including aircraft financing and working capital. Nirmal Govindadas, Emirates senior vice president, Corporate Treasury said: “We are pleased with the level and quality of interest in this sukuk issuance. Emirates continues to take a diversified approach to our long-term financing strategy and today’s issuance confirms the confidence of international and regional investors in our strong track record as well as resilient and profitable

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