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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




Tags: abu dhabi | Aabar | convertible bonds |

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