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2010 Deal of the Year: Innovative
10 March 2011
Doric Nimrod Air One (DNA) lists on the London Stock Exchange .
How do you entice UK investors that are more familiar with
investing in real estate to fund an aircraft? You tell them to
think of the aircraft as a property on wings.
December 13 2010 Doric Nimrod Air One (DNA) listed on the
London Stock Exchange raising £42.5 million ($67.5
million) to finance one A380, which will be leased to Emirates
for 12 years. With the equity taken care of,
Australia’s Westpac Banking Corporation provided
the debt with a $122 million senior secured
"With this deal Doric successfully brought innovation at a
time when many others were unable even to maintain the supply
of vanilla products," says Brian Jeffery, senior
vice-president, corporate treasury,...
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