DUBAI, Nov 2 (Reuters) - Dubai Aerospace Enterprise (DAE), one of the world’s largest aircraft leasing firms, said on Friday it had raised $1 billion in bonds, $250 million less than the amount it had originally said it planned to raise.
The government-controlled Dubai firm has issued $500 million in senior notes due in 2021 and $500 million due in 2023, it said in a statement.
The proceeds from the debt sale will be used for general corporate purposes and to refinance existing debt.
The company had said this week that it planned to issue $1.25 billion in senior notes.
DAE, set up in 2006, became one of the world’s largest aircraft lessors after acquiring Dublin-based AWAS last year, when it issued $2.3 billion in senior bonds split across three tranches, partly to finance the acquisition.
Reporting by Davide Barbuscia Editing by Edmund Blair