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Analysis: DNA, a blueprint for success
23 December 2010
The first A380 delivery to a UK-listed aircraft investment company, Doric Nimrod Air One (DNA), proves to be a huge success for UK investors.
Read more:
Doric Nimrod Air One (DNA)
Nimrod Capital
Doric Asset Finance
Emirates
Westpac Banking Corporation
Airbus A380
An equation for success: take a world class property and rent it to a world class tenant. Buy your property with a bit of debt and a bit of equity. Most importantly, fix your debt to take some of the financial risk out of the equation. Pay your debt over the rental term.
Last week Doric Nimrod Air One (DNA), a partnership between Nimrod Capital and Doric Asset Finance, purchased an Airbus A380, which it will lease to Emirates for 12 years. DNA was listed on the London Stock Exchange, raising £42.5 million. Australia’s Westpac Banking Corporation provided the debt with a $122 million senior secured facility to purchase the aircraft. Read the story here.
Investors are projected to earn a 9% yield paid quarterly on their initial investment and earn more than 60% profit on top of the initial capital investment based on the aircraft’s residual value...
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