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Market Rumors: FlyDubai, Deutsche Bank, PetSmart

By Chelsea Naso (November 19, 2014, 3:59 PM EST) -- FlyDubai, a budget airline carrier owned by the Dubai government, is said to have raised $500 million from its debut bond sale, Bloomberg reported Wednesday, citing people familiar with the matter. The five-year sukuk will be priced to yield 200 basis points, or two percentage points, above the benchmark midswap rate, a decrease from the original guidance of about 225 basis points above midswaps, the report said. FlyDubai expects delivery of 15 planes by the end of the year and is targeting flights to secondary airports in India....

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