New Issue: Abu Dhabi’s Etihad Airways sells $500 million of bonds due 2020 to yield 6 7/8%

By Aleesia Forni

Virginia Beach, Sept. 16 – Abu Dhabi’s Etihad Airways PJSC priced $500 million of bonds (//B-) due 2020 on Wednesday at par to yield 6 7/8%, according to an informed source.

Bookrunners were Goldman Sachs, ADS Securities and Anoa Capital.

Issuer:	Etihad Airways PJSC
Amount:	$500 million
Description:	Bond
Maturity:	2020
Bookrunners:	Goldman Sachs, ADS Securities, Anoa Capital
Coupon:	6 7/8%
Price:	Par
Yield:	6 7/8%
Trade date:	Sept. 16
Ratings:	Fitch: B-

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