DUBAI: Etihad Airways Partners, a funding vehicle for Etihad Airways and airlines in which it has equity stakes, is looking to set a coupon of around 7 percent on a five-year debut bond issue to be priced this week, lead arrangers said on Monday.
The dollar-denominated offering will be benchmark sized, the statement from the lead arrangers also said.
Benchmark size for an issuer without an investment grade rating - Etihad Airways Partners is rated six notches below that level - is understood to mean in excess of $300 million. Goldman Sachs, ADS Securities and Anoa Capital are arranging the transaction.
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