Etihad Airways Partners’ Unique Debt Financing Deal Secures Major International Award

Karachi: A US$700m landmark finance deal struck by Etihad Airways Partners (EAP) to fund expansion has been recognised by the prestigious market intelligence organisation International Financing Review (IFR) with a leading global award.

The five-year deal was judged the Emerging Europe Middle East and Africa Bond of the Year. The award will be presented at a gala dinner in London on 27th January, 2016.

James Hogan, President and Chief Executive Officer of Etihad Airways, said: “Innovation is at the heart of everything we do across all our business operations at Etihad Airways and our partners. This latest award from International Financing Review demonstrates the confidence financial institutions have had in our successful and unique business model that truly is all about creating synergies between the businesses we have invested in.”

Martin Weber, Goldman Sachs Managing Director, said: “We were delighted to work with Etihad Airways Partners on its inaugural bond issuance and congratulate the team involved for winning this IFR award. We credit Etihad Airways’ management on the time it spent speaking with investors across the globe, which meant we were able to execute this very successful transaction.

It is also indicative of the unique business model this deal will support which impressed the markets, despite the volatile market conditions at the time.”

The EAP funding roadshows were held in Abu Dhabi, Dubai and London supported by lead advisors Goldman Sachs, UAE-based ADS Securities and Anoa Capital. The raised funds, to be split across the seven entities, are for a mixture of capital expenditure and investment in fleet, as well as for refinancing, depending on each business unit’s individual needs.

International Financing Review is the world’s leading source of capital markets intelligence, providing senior investment banking decision-makers with commentary and analysis on trends and industry news, and developments through its weekly publication and daily online reports.

Etihad Airways’ management was credited by IFR for undertaking a highly successful road show in the run up to the deal, securing the confidence and support of investors.

Considered the most prestigious event in the global capital markets calendar, more than 1,000 of the world’s most senior and successful investment banking professionals will gather in London next month to celebrate capital markets excellence at the IFA’s annual awards.


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