Etihad deal receives 'Bond of the Year' award

KATHMANDU, Dec 31: A US$ 700 million landmark finance deal struck by Etihad Airways Partners (EAP) to fund expansion has been recognized by the prestigious market intelligence organization International Financing Review (IFR) with a leading global award. Issuing a statement Etihad Airways said the five-year deal was adjudged 'the Emerging Europe Middle East and Africa Bond of the Year'.

The award will be presented  in London on 27 January. "In September, Etihad Airways embarked on an international roadshow with lead advisor Goldman Sachs to raise equity from the market for the airline, its subsidiary Etihad Airport Services and five of its strategic airline partners -- airberlin, Air Serbia, Air Seychelles, Alitalia and Jet Airways -- within Etihad Airways Partners. Through the funding vehicle Etihad Airways Partners BV, the group successfully raised US$500m, rising within days by a further $200 million following a surge in interest from the international finance community," the statement added.

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