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Etihad Airways Partners' debt financing deal obtains major international award
Published in The Saudi Gazette on 29 - 12 - 2015

A $700m landmark finance deal struck by Etihad Airways Partners (EAP) to fund expansion has been recognized by the International Financing Review (IFR) with a leading global award.
The five-year deal was judged the Emerging Europe Middle East and Africa Bond of the Year. The award will be presented at a gala dinner in London on Jan. 27.
In September, Etihad Airways embarked on an international roadshow with lead advisor Goldman Sachs to raise equity from the market for the airline, its subsidiary Etihad Airport Services and five of its strategic airline partners – airberlin, Air Serbia, Air Seychelles, Alitalia and Jet Airways – within Etihad Airways Partners.
Through the funding vehicle Etihad Airways Partners BV, the group successfully raised $500m, rising within days by a further $200m following a surge in interest from the international finance community.
Seen as the first joint financing deal of its kind in the airline industry, it's the second time within weeks that the ground-breaking initiative has been recognized. Etihad Airways Partners was presented with the Middle East Debt Financing Deal of the Year Award in London by UK-based publication Global Transport Finance.
James Hogan, President and Chief Executive Officer of Etihad Airways, said: "Innovation is at the heart of everything we do across all our business operations at Etihad Airways and our partners. This latest award from International Financing Review demonstrates the confidence financial institutions have had in our successful and unique business model that truly is all about creating synergies between the businesses we have invested in."
Added Hogan: "In our highly competitive business environment, it's all about improving productivity and increasing efficiency to spearhead growth. Individually, each of the partners is building an increasingly strong business. But together, that strength is multiplied. This successful transaction recognizes and endorses that strength."
Martin Weber, Goldman Sachs Managing Director, said: "We were delighted to work with Etihad Airways Partners on its inaugural bond issuance and congratulate the team involved for winning this IFR award. We credit Etihad Airways' management on the time it spent speaking with investors across the globe, which meant we were able to execute this very successful transaction. It is also indicative of the unique business model this deal will support which impressed the markets, despite the volatile market conditions at the time."


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