Published on 11/23/2016 in the Prospect News Emerging Markets Daily.
New Issue: Abu Dhabi’s Etihad Airways prices $1.5 billion notes due 2021 at 210 bps spread
By Christine Van Dusen
Atlanta, Nov. 23 – Abu Dhabi’s Etihad Airways – via Unity 1 Sukuk Ltd. – priced $1.5 billion notes due November 2021 at mid-swaps plus 210 basis points, a market source said.
HSBC, JPMorgan, National Bank of Abu Dhabi, Abu Dhabi Islamic Bank, Dubai Islamic Bank and First Gulf Bank were the bookrunners for the Islamic bonds.
Other details were not immediately available on Wednesday.
Etihad is an airline in the United Arab Emirates.
| Issuer: | Unity 1 Sukuk Ltd.
|
| Amount: | $1.5 billion
|
| Maturity: | November 2021
|
| Description: | Notes
|
| Bookrunners: | HSBC, JPMorgan, National Bank of Abu Dhabi, Abu Dhabi Islamic Bank, Dubai Islamic Bank, First Gulf Bank
|
| Spread: | Mid-swaps plus 210 bps
|
| Trade date: | Nov. 23
|
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