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Etihad Airways Said to Plan Debt Sale as Partners Struggle

  • HSBC, National Bank of Abu Dhabi among lenders hired for deal
  • Airline’s sukuk issuance expected by the end of the year
Updated on

Etihad Airways PJSC has hired banks for a potential Islamic bond sale, according to people familiar with the matter.

The third-biggest airline in the six-nation Gulf Cooperation Council mandated banks including HSBC Holdings Plc, National Bank of Abu Dhabi PJSC and Dubai Islamic Bank PJSC for the offering, said the people, who asked not to be identified because the information isn’t public. The Abu Dhabi-based carrier’s sukuk is expected by the end of the year, they said.