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English news

08-Nov-2016

Etihad Airways plans sukuk debut

Etihad Airways plans to issue a debut USD benchmark sukuk and will meet with investors in the coming days. Investors say that the sukuk size could be as large as USD1bn. Etihad Airways is owned by the Government of Abu Dhabi. The airline, whose credit is rated A by Fitch, reported total revenues of about USD9bn in 2015. At the end of last year it had 121 aircraft and it plans to take delivery of a further 188 by 2026. (Reuters)

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