Aabar mulls $2bn convertible issue
Abu Dhabi, April 1, 2010
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 an extraordinary general meeting to consider the issuance, Aabar said on its website.
Aabar held its board meeting on Wednesday. - Reuters