Published on 9/17/2015 in the Prospect News Emerging Markets Daily.
New Issue: Abu Dhabi’s Etihad Airways taps 6 7/8% bonds due 2020 for $200 million
By Aleesia Forni
Virginia Beach, Sept. 17 – Abu Dhabi’s Etihad Airways PJSC priced a $200 million add-on to its bonds (//B-) due 2020 at par to yield 6 7/8%, according to an informed source.
The total issue size is now $700 million.
Bookrunners were Goldman Sachs, ADS Securities and Anoa Capital.
| Issuer: | Etihad Airways PJSC
|
| Amount: | $200 million
|
| Description: | Add-on to bond
|
| Maturity: | 2020
|
| Bookrunners: | Goldman Sachs, ADS Securities, Anoa Capital
|
| Coupon: | 6 7/8%
|
| Price: | Par
|
| Yield: | 6 7/8%
|
| Trade date: | Sept. 17
|
| Rating: | Fitch: B-
|
| Total issue size: | $700 million, including $500 million priced Sept. 16 at par
|
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