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Bond Market News
Dubai Aerospace Secures $2.8bn Credit Facility
March 26, 2026
Dubai Aerospace Enterprise Ltd. (DAE) has replaced its existing $1.4bn revolving credit facility with two new ones totaling $2.8bn, bringing its total revolving credit capacity to ~$4bn. The facilities mature in March 2031 and include $2.3bn in conventional funding and $500mn in shariah-compliant financing, arranged by 15 global institutions led by Emirates NBD, First Abu Dhabi Bank, and Abu Dhabi Islamic Bank. Regional airspace and airport disruptions tied to the Iran conflict have forced Gulf carriers to cut schedules and ground aircraft. A recent CreditSights report noted that 12% of DAE Capital’s fleet is placed with Middle Eastern airlines.
DAE’s 4.5% 2030s traded stable at 96.1, yielding 5.47%
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