United Arab Emirates and Alitalia

: The sale of the five-year securities will be completed this week after meetings with fixed-income managers conclude on 21 September, they said, according to Business Week. The planned offering comes amid a 32 per cent decline in bond sales this year from the six-nation Gulf Cooperation Council-- which includes Saudi Arabia and the United Arab Emirates -- as companies have been dissuaded from selling by price swings. Initial price guidance for the debt from EA Partners, an Etihad funding vehicle with five equity partners including Alitalia, Air Berlin and Jet Airways , was set in the 7 per cent area, according to two people familiar with the matter, who asked not to be identified as the information is private. Average volatility in US Treasuries this year is the highest since 2011 after Greece negotiated a debt bailout deal, China devalued its currency and the strengthening US economy boosted prospects the Federal Reserve may raise interest rates as early as this week. There really no comparable benchmark that you could look at for this in the region." The securities are rated B- by Fitch, six levels below investment grade. This is a relatively complicated deal, it not Etihad, it a bunch of their underlying partners and a B- shows that the rating agencies also think so," Abdul K Hussain, the Dubai- based chief executive officer at Mashreq Capital DIFC, said by phone. (news.financializer.com). As reported in the news.