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FINANCIAL NEWS
Etihad Airways to raise USD1b through debut bond issue
15 Jun 2015
(MENAFN) Etihad Airways is presently targeting a total of USD1 billion through a debut bond issue, holding discussions with certain investors, according to sources, Reuters reported.
The Abu Dhabi based airline is set to inaugurate its bond through a unit or a vehicle, dedicated for specific purposes to house its equity stakes in global airlines, the sources added.
Etihad owns stakes in Alitalia, Virgin Australia, Air Berlin, and India’s Jet Airways, among others. Goldman Sachs and National Bank of Abu Dhabi stand as potential lead arrangers for the transaction.
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