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NMC offers $450m convertible bondsUAE-based NMC Health, a leading private healthcare operator, has launched an offering of senior, unsecured, guaranteed convertible bonds due 2025 with a principal amount of $450 million, convertible into ordinary shares of NMC Health (the Compan More… |
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Need seen for more convertible bond issuance in GCCKey economic programmes such as Saudi Vision 2030 and projects such as Dubai Expo 2020 will facilitate greater investor interest in potential GCC convertible bond issuers across diverse sectors, said Fisch Asset Management, a global leader in co More… |
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BBK launches $265m convertible bondsBahrain-based BBK has launched a BD100 million ($265.3m) convertible bonds issue to boost its capital ratios, reported the Gulf Daily News, our sister publication. To read further, please visit More… |
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Tabreed buys back $272m convertible bondsNational Central Cooling Company (Tabreed) has completed the repurchase of convertible bonds worth Dh1 billion ($272 million) from a unit of Abu Dhabi fund Mubadala, the company said in a bourse filing on Monday. The bonds w More… |
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Bank Sohar to issue $182m convertible bondOman'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 More… |
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Tabreed to issue bonds to MubadalaDistrict 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. More… |
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Aabar to issue $2bn bonds to IPICAabar 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 More… |
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Aabar mulls $2bn convertible issueAabar 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 More… |
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Shuaa mulls convertible bond repurchaseShuaa 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 More… |
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First Gulf Bank issues $980m bondsFirst 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 More… |
