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Tuesday, 22 November 2016

UAE's Etihad Airways sets pricing guidance for planned 5-year sukuk | Reuters

UAE's Etihad Airways sets pricing guidance for planned 5-year sukuk | Reuters:
"Etihad Airways has set final pricing guidance of around 215 basis points above midswaps for its planned sukuk, expected to be at least $500 million in size, according to one of the banks arranging the transaction.

The Islamic bond, which once completed will be Etihad's debut U.S dollar debt sale, received orders of up to $1.3 billion, the bank said on Tuesday. Order books are expected to close as early as later in the day, it added.

Initial guidance, released on Monday, was in the low-to-mid 200 basis points range over midswaps."

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