Home Transport Aviation Emirates Airline Sets Final Guidance For UK-Guaranteed Sukuk The deal has garnered more than $3 billion in orders, a document showed. by Reuters March 25, 2015 Emirates, the Dubai-based airline, has set the final spread for a $913 million sukuk issue that will be guaranteed by Britain’s export credit agency, and is to price on Wednesday, a document from lead arrangers showed. The final spread for the transaction was fixed at 90 basis points over midswaps, the document showed, tighter than initial guidance for the senior unsecured ten-year sukuk issue at around 100 bps over midswaps. The deal has garnered more than $3 billion in orders, the document showed. Emirates has picked Citigroup, HSBC, JP Morgan and National Bank of Abu Dhabi as the joint structuring agents, with Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD and Standard Chartered also acting as joint lead managers. 0 Comments