DUBAI, Oct 20 (Reuters) - Etihad Airways, wholly owned by the Abu Dhabi authorities, is planning to
DUBAI, Oct 20 (Reuters) – Etihad Airways, wholly owned by the Abu Dhabi authorities, is planning to promote U.S. dollar-denominated ‘transition’ sukuk, or Islamic bonds, a doc issued by one of many banks main the deal confirmed.
Proceeds of so-called transition bonds are utilized by corporations to regularly swap to extra environmentally sustainable operations.
Etihad has employed banks together with HSBC, Commonplace Chartered, Abu Dhabi Islamic Financial institution, Dubai Islamic Financial institution, Emirates NBD Capital, First Abu Dhabi Financial institution and Mashreq Financial institution to rearrange investor calls forward of the deliberate five-year deal, the doc confirmed.
(Reporting by Davide Barbuscia; modifying by Jason Neely)
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