Saturday 23 June 2018
Convertible notes

NBAD to buy back $22m in convertible notes

National Bank of Abu Dhabi, the largest lender by market value in the United Arab Emirates, said on Wednesday it will repurchase a proportion of its outstanding debt, in a regulatory filing. NBAD said it will repurchase Dh81.9 million ($22


Emaar gets nod for $500m convertible notes

Dubai-based leading property developer Emaar said that its shareholders had given the company the go-ahead for issuance of $500 million convertible notes. The convertible notes, due in 2015, are intended to contribute to the conv


Shuaa extends note maturity

Shuaa Capital has extended the maturity date of its outstanding convertible notes, issued in October, 2007 and subscribed by Dubai Banking Group (DBG). The decision was announced at the company’s third session of the extraordinary general

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