Etihad Partners Debt Financing Deal Secures Global Award

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

Kampala Police have recovered at least 13 dead bodies from the shores of Lake Victoria in Entebbe, this site Chimp Corps exclusively report.

Kampala Metropolitan police spokesperson Patrick Onyango said the law enforcement body made the recovery after some people complained to Entebbe Civil Aviation police that their relative had disappeared.

“These bodies were not found on a single beach as many people have been alleging. The bodies were picked from different areas on the shores of Lake Victoria, this web ” said Onyango during a press conference in Kampala on Monday.

It is understood most of the deceased drowned while swimming and partying along Entebbe beaches.

The horrific incident raises concerns about the safety of partiers along Entebbe beaches especially during festive seasons.

Onyango said forensic experts have so far identified eight bodies which are still kept at Mulago mortuary as investigations continue.

The deceased include Brian Nsubuga, generic a resident of Kayunga; Allan Mubiru Allan, 17, a resident of Nateete; and Abubaker Sensonyia from Kigaga Zone in Kawempe.

Others include Harunah Mubiru, Sula Kato, Arafat Kabonge, Richard Senyondo and Abdul Wakwaile.

“These bodies were collected by Police from the period of December 23 up to the 27th,” added Onyango.

He further called upon members of the public whose friends or relatives have been missing since December 23 to cross check with Mulago mortuary.
A $700 million landmark finance deal struck by Etihad Airways Partners (EAP) to fund expansion has been recognised by the prestigious market intelligence organisation International Financing Review, there (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 January 27, this web 2016.

According to the airline, 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 US$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 recognised.

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.

According to James Hogan, President and Chief Executive Officer of Etihad Airways, innovation is at the heart of all business operations at Etihad Airways and its 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.” Mr Hogan said.

“In our highly competitive business environment, it’s all about improving productivity and increasing efficiency to spearhead growth. Individually, each of thepartners is building an increasingly strong business. But together, that strength is multiplied. This successful transaction recognises and endorses that strength.” Mr Hogan added.

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.”

He credited Etihad Airways’ management on the time it spent speaking with investors across the globe.

“ 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.” He added.

The EAP funding roadshows were held in Abu Dhabi, Dubai and London supported by lead advisors Goldman Sachs, UAE-based ADS Securities and Anoa Capital.

The raised funds, to be split across the seven entities, are for a mixture of capital expenditure and investment in fleet, as well as for refinancing, depending on each business unit’s individual needs.

International Financing Review is the world’s leading source of capital markets intelligence, providing senior investment banking decision-makers with commentary and analysis on trends and industry news, and developments through its weekly publication and daily online reports.

Etihad Airways’ management was credited by IFR for undertaking a highly successful roadshow in the run up to the deal, securing the confidence and support of investors.

Considered the most prestigious event in the global capital markets calendar, more than 1,000 of the world’s most senior and successful investment banking professionals will gather in London next month to celebrate capital markets excellence at the IFA’s annual awards.


Most Popular

Header advertisement
To Top