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Emirates $587.5 mln aircraft lease deal price talk issued

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(Reuters) - Doric Nimrod Air Finance Alpha, the aircraft leasing firm planning to issue bonds to help finance the sale of four Airbus A380 planes for Emirates airline , released initial price thoughts for the deal on Thursday.

The $433.8 million Class A notes with a 10.4-year expected maturity could price in the range of 5.25 and 5.5 percent, while the $153.7 million Class B notes with a 6.9 year maturity may price between 6.75 and 7 percent.

The Class A notes carry an expected rating of A3, with the Class B notes provisionally scored at Baa3.

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