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Emirates' A380s funding through listed company DNA2

15-Jul-2011 8:28 AM

Doric Asset Finance and Nimrod Capital successfully (14-Jul-2011) listed investment company Doric Nimrod Air 2 (DNA2) on the London Stock Exchange on 14-Jul-2011. The new company aims to pay a quarterly dividend equivalent to 9% per annum (based on the issue price of 200p per share) following the leasing of three Airbus A380 aircraft to Emirates. The new issue follows a similar offering, DNA1, which invested in one A380 for Emirates. The lease period is 12 years. [more]