Commentary & Deal Flow

Dubai Aerospace Enterprise (DAE) Ltd ("DAE"), a global aviation services company wholly owned (directly and indirectly) by the Investment Corporation of Dubai, rated Baa3 (stable outlook) by Moody’s and BBB- (negative outlook) by Fitch, has asked BNP Paribas, Credit Agricole CIB, Emirates NBD Capital, J.P. Morgan and Truist Securities to organize a series of fixed income investor calls. These calls will take place on Monday, June 14th. BNP Paribas will be coordinating logistics.

Benchmark USD-denominated, senior unsecured 144a/Reg S note offering under DAE Funding LLC’s GMTN Program may follow.

MiFID II and UK MiFIR professionals/ECPs-only – Manufacturer target market (MiFID II and UK MiFIR product governance) is eligible counterparties and professional investors only (all distribution channels). No PRIIPs or UK PRIIPs key information document has been prepared as not available to retail in the EEA or the UK.