Etihad Airways planning a USD500mn sukuk issue, the first for the carrier
Etihad Airways' planned five-year Islamic bond issue will be at least USD500mn and priced in the low-to-mid 200 basis points above midswaps, according to Reuters. HSBC, JP Morgan and National Bank of Abu Dhabi are the arrangers. They are joined by Abu Dhabi Islamic Bank, Dubai Islamic Bank and First Gulf Bank as bookrunners. Order books for the sukuk issue, the first by Etihad, will close by Tuesday or Wednesday at the latest, and the bond is expected to price this week. (Reuters)
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