Sunday 13 July 2014

Emaar approves bonds-to-shares conversion

Dubai, December 18, 2013

Holders of Dubai-based developer Emaar Properties' convertible bonds will receive 18.7 million new shares in the company after its board approved conversion of the instruments, the company said on Wednesday.

Emaar issued $500 million of five-year convertible bonds in 2010. Wednesday's statement did not give further details of the timing or price of the conversion.

The company currently has 6.09 billion shares outstanding.-Reuters

Tags: Emaar | bonds |

More Finance & Capital Market Stories

calendarCalendar of Events


Buy high quality China wholesale Health & Beauty , Electronics, Sports & Outdoors , Computers, Video Games, Toys & Hobbies Cell Phones, Automobiles and other wholesale products directly from reliable Chinese wholesalers or Factories on