In May, the bank said it would issue a mandatory convertible bond
worth OMR70m to help boost its Tier one - or core - capital.
According to the CEO, Fiat may use a mandatory convertible bond
to finance a new industrial plan that will be unveiled in late April.
In a separate story, the newspaper said Fiat was considering the issue of a mandatory convertible bond
of e1/41bn to e1/42bn to boost its capital base after the merger.
MC) has said that it will issue a three-year, EUR406m mandatory convertible bond
, reports Dow Jones.
30 April 2010 - Swiss life science firm Siegfried (SWF: SFZN) said yesterday it successfully placed the mandatory convertible bond
worth CHF80m (USD73.
4 billion mandatory convertible bond
at a conversion price of Dh2.
Ithmaar Bank chairman Khalid Abdulla Janahi announced that the bank intends, as part of its capital-raising exercise, to offer a rights issue and launch a five-year mandatory convertible sukuk, the Islamic equivalent of mandatory convertible bond
J P MORGAN IS ASSISTING ITHMAAR BANK WITH ITS CAPITAL-RAISING PLANS FOR THE FIVE-YEAR MANDATORY CONVERTIBLE SUKUK, WHICH IS THE ISLAMIC EQUIVALENT OF A MANDATORY CONVERTIBLE BOND
They say that unless ABB can take in the cash relatively soon, it could face pressure to seek alternative sources of funds, with market talk focusing on a straight or mandatory convertible bond
to overcome near-term repayment obligations.
6 billion in 2014 as a result of underwriting losses, the insurer has restored its capital adequacy by issuing a three-year mandatory convertible bond
, valued at AED390 million.
Earlier this year, the company's board approved the first round of a $60 million mandatory convertible bond
programme, which is expected to help ease pressure from its creditors.
8m) mandatory convertible bond
to boost its capital reserves, according to a report by Reuters.