Emirates airline, Dubai’s flagship carrier, plans to issue a 10-year amortising Islamic bond, or sukuk, this week, after releasing early price talk for the deal. The sukuk, maturing 2023, will have an amortising structure, with an average weighted life of five years, arranging banks said.
An amortising bond is structured in a way that gradually reduces the value of the bond over a fixed period of time, meaning the borrower pays off the full amount before the final maturity date………………………………………..Full Article: Source