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
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.
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
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
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
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