Flydubai secures $500 million financing facility

Dubai Aviation Corporation, trading as Flydubai, has completed a five-year term $500 million financing facility. Emirates NBD Capital Limited and Noor Bank have acted as global coordinators and Emirates NBD Bank and Noor Bank have jointly underwritten the transaction.  Emirates NBD Capital Limited, Noor Bank and Dubai Islamic Bank were the mandated lead arrangers and bookrunners. Ahmed Al Qassim, senior executive vice president & group head, corporate & institutional banking at Emirates NBD, said: “The financing demonstrates our commitment to supporting flydubai. As a leading financial institution in the region, our aim is to provide innovative solutions to our valued clients