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by Chris Reich
Jan 08, 2026 2:23 PM ET
DAE Funding LLC (DUBAEE), exp Baa2/BBB (s/s) by Moody's/Fitch, $600m (upsized from US$500m) 144A/Reg S 7y FXD sr notes due 1/15/33. 2mos par call (11/15/32). Put/Call Option: Change of Control Put Option; Clean Up Call Option. ADCB/BoC/BNP/GS (B&D)/Miz active joint books. Passive: Bank ABC/CACIB/ENBD/FITB/FADB/HSBC/JPM/MS/Natixis/TSI. Co-mgr: RAKBANK. Guarantor: Dubai Aerospace Enterprise (DAE) Ltd. Coupon: Fixed, semi-annual, 30/360. Interest Payment Dates: 15 July and 15 January in each year, up to and including the Maturity Date, commencing on 15 July 2026. Denoms: 200,000 x 1,000. Listing: Nasdaq Dubai. Governing Law: English Law. UOP: gcp. Pre-Recorded IP: https://dealroadshow.finsight.com/e/DAE2026. Pricing 1/8. Settle 1/15 (T+5). 144A CUSIP / ISIN: 23371DAM6 / US23371DAM65.
IPTs: T+145 area.
LAUNCHED: $500m 7y at T+120.
UPSIZED: $600m, remains at T+120.
PRICED: $600m 4.95% 1/15/33 98.912 5.137% T+120.