Saturday 20 December 2014
 
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convertible bonds

Bank Sohar to issue $182m convertible bond

Oman's Bank Sohar, in talks to merge with larger rival Bank Dhofar, plans to issue a 70 million rial ($181.8 million) mandatory convertible bond to boost its capital reserves, it said on Wednesday. The issue, which will be don

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Tabreed to issue bonds to Mubadala

  District cooling firm Tabreed has agreed to issue 1.13 billion dirhams ($308 million) in convertible bonds to Abu Dhabi fund Mubadala on December 31, the firm said on Sunday, as part of a recapitalisation plan agreed last year.

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Aabar to issue $2bn bonds to IPIC

Aabar Investments, which has stakes in Daimler and Virgin Galactic, said its planned $2 billion convertible bonds sale will be made to International Petroleum Investment Co (IPIC). IPIC, wholly-owned by the government of Abu Dhabi, is the

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Aabar mulls $2bn convertible issue

Aabar Investments is mulling issuance of convertible bonds worth up to 7.346 billion dirhams ($2 billion) at a conversion price of 2.5 dirhams a share, the company said in a statement. The board of the Abu Dhabi-listed firm plans to hold a

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Shuaa mulls convertible bond repurchase

Shuaa Capital (Shuaa), a Dubai-based investment bank, is considering buying back a convertible bond issue worth Dh1.5 billion ($408.5 million) or altering the price at which the bonds would be converted into shares. The bank said in a stat

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First Gulf Bank issues $980m bonds

First Gulf Bank (FGB) today announced the issuance of mandatory convertible bonds worth Dh3.6 billion ($980 million) to UAE institutional strategic partners. Maturity date for the bonds is July 2011, and the interest rate to be paid t

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