Dubai's Emirates airline has issued a $413.7 million bond to finance three Boeing 777-300ER aircraft at a fixed rate of 3.465 percent, the company said in a statement on Thursday.

 

The issue comes a week after United Arab Emirates carrier Etihad Airways signed $1 billion worth of export credit guarantees to finance eight aircraft.

The note issued by Emirates, which matures in 2021, was guaranteed by the Export-Import Bank of the United States.
Goldman Sachs and Calyon acted as joint book runners.

Emirates has a $55 billion order book for planes from Boeing and Airbus and expects to receive about 10 planes a year.