Etihad | Sukuk | 11-16 | $1.5bn | Transaction

Etihad Airways has priced its $1.5 billion debut sukuk bond with a coupon of 3.86%.

The notes, which priced at market swap plus 210 basis points, are due in 2021. The deal is due to close on 30 November 2016.

U1S - a special purpose company based in the Cayman Islands - is the issuer and trustee of the sukuk.

HSBC, JP Morgan and National Bank of Abu Dhabi are the sukuk arrangers with Abu Dhabi Islamic Bank, Dubai Islamic Bank and First Gulf Bank as bookrunners.

Etihad | Sukuk | 11-16 | $1.5bn

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Dummy Aviation Company	Lessor
Dummy Airlines	Lessee

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Dummy Company	Advisor
Another Dummy Company	Advisor
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Etihad | Sukuk | 11-16 | $1.5bn

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Etihad | Sukuk | 11-16 | $1.5bn | Transaction | Airfinance Journal

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