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Thu 19 May 2016 11:03 AM

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Etihad 'to issue second major bond sale'

Issue would follow airline’s $500 million-plus fundraising last September

Etihad 'to issue second major bond sale'

Etihad Airways is preparing to announce a second fundraising in the coming days, it has been reported.

The group raised more than $500 million with a five-year group-level bond issue last September and is set to offer a second issue shortly, its CEO was quoted as saying.

Etihad group CEO James Hogan told an Alitalia event in Rome that further details, including the bond’s value, should be made available “within the next 24 hours”, according to The National.

Hogan said it would be used for “a range of things”, from capex to repaying loans.

Etihad has been contacted for further information.

Hogan reportedly said Etihad and its partner airlines - Alitalia, airberlin, Air Serbia, Air Seychelles and Jet Airways – now had combined revenue of $25 billion.

“That gives us the ability to negotiate hard with our suppliers,” Hogan said.

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