Wednesday / September 19.
HomeChannelsFeatured$700m Etihad loan tranche syndicated

$700m Etihad loan tranche syndicated

 |By TAP Staff| Integrated Capital, the capital markets arm of Abu Dhabi Financial Group, announced that it has placed and syndicated to its clients 20.3 percent of the $700 million notes issued by EA Partners IBV, a funding vehicle for Etihad Airways, its airport services business and five of its equity partners. Integrated Capital invested $142 million during the allotment period for the debut notes.

The note carries a coupon of 6.875%, payable quarterly for a period of five years. The note is listed on the Global Exchange Market, which is regulated by the Irish Stock Exchange. The Note will mature on 28 September 2020.

Jassim Alseddiqi, Chairman of Integrated Capital and CEO of Abu Dhabi Financial Group, said: “Participating in Etihad Airways’ benchmark note issue is aligned with Integrated Capital’s strategy of providing a diverse range of investment opportunities to our clients which offer exceptional value and deliver consistent returns. Integrated Capital will be a major market maker of the Etihad Airways Partners note.”