Latvia and Abu Dhabi’s Etihad Airways launch bonds; BOC Aviation taps lead for roadshow

By Aleesia Forni

Virginia Beach, Sept. 16 – Republic of Latvia and Abu Dhabi’s Etihad Airways PJSC were in the primary market with new bond offerings on Wednesday.

Latvia launched a new €500 million 10-year offering during the session around 5 basis points inside initial price thoughts, and Etihad Airways sold $500 million of five-year bonds to yield 6 7/8%.

In forward calendar news, Singapore’s BOC Aviation Pte. Ltd. announced plans to price a dollar bond offering following a roadshow this week.

Citigroup is arranging the meetings.

The notes will be sold via Rule 144A and Regulation S.

Elsewhere on Wednesday, sovereign bonds were largely unchanged during a quiet trading session in Ukraine, a market source said.

Similarly, Ukrainian corporates were mostly quiet, though the market’s tone remained supportive.

In other news, Tencent Holdings Ltd. said it priced HK$1 billion of notes under its $10 billion global medium-term note program on Wednesday.

The three-year senior notes carry a 2.3% coupon.

The Regulation S notes are expected to be issued on Sept. 24.

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