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Essdar sells Blue City notes to Oman fundEssdar Capital, an Abu Dhabi-backed firm, sold its bond investments in the troubled Blue City project to an Oman government-controlled fund. In a statement on Wednesday, Essdar, 35-percent owned by the ruler of Dubai's investment company, More… |
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Essdar eyes distressed deals, bank booksUAE-based Essdar Capital, which recently bought the senior debt of Oman's troubled $15 billion Blue City project in a distressed deal, is betting on its local expertise to tap more such opportunities, a top executive said. Essdar, 35-perce More… |
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Essdar buys debt of troubled Blue City projectUAE-based investment fund Essdar Capital has bought the Class A senior debt of a troubled $15 billion property project in Oman on Wednesday, in a distressed debt deal that highlights the woes of the region's property sector. Essdar has bou More… |
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Essdar eyes Oman Blue City bondsDubai-based asset manager Essdar Group said it has made a discounted bid for two bonds used to finance a troubled $15 billion property project in Oman after the notes were downgraded. Credit agencies this month slashed their ratings for th More… |
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Essdar Capital joins DIFCEssdar Capital, a newly established specialised principal finance and advisory firm, has been granted two licences by the Dubai Financial Services Authority (DFSA) to operate and establish two entities in the Dubai International Financial Centre ( More… |
