Etihad raises $500 million in group-level bond issue

Etihad Airways and several carriers in which it has equity stakes have raised US$500 million through a five-year bond for capital spending, investment in planes and to refinance debts, the airline said on Wednesday.

The fund raising by Etihad Airways Partners, which includes airlines such as Alitalia, airberlin, Air Serbia and Air Seychelles, follows an initial $700m debt issue in September.

“This transaction shows the strength of that grouping, as well as the strength of the individual members,” group chief executive James Hogan said.


The five-year bond has a yield of 6.75 per cent, sources told Reuters.

ADS Securities, Anoa Capital, Goldman Sachs and Integrated Capital were joint bookrunners for the bond, which was raised through the special purpose vehicle EA Partners II BV.

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