Ethiopian Airlines (ET) on 28 November 2012, successfully placed its first bond issue with the backing of the US Export-Import Bank, to finance several brand new Boeing 787-8 aircraft ordered for the Ethiopian national carrier. (A bond is a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal.)
