In May, the bank said it would issue a mandatory convertible bond
worth OMR70m to help boost its Tier one - or core - capital.
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.
7 billion Mandatory Convertible Bond
and the AED 825 million from the Subordinated Bridge Loan, Earnings per Share reduced from AED 0.
In an earlier statement on its website, Aabar said its board had met on January 7 and resolved to make an offer to Arabtec to acquire 70 per cent of its share capital by way of a mandatory convertible bond
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.
In a statement to the Muscat Securities Makret, Renaissance Services reported that a General Meeting of the company's Mandatory Convertible Bond
holders (MCB holders) was held on 6 July 2015 at the Meeting Hall of the Capital Market Authority (CMA).
8m) mandatory convertible bond
to boost its capital reserves, according to a report by Reuters.
Overall debt levels reduced with the conversion from debt to equity of the Dh693 million mandatory convertible bond
, helping reduce the company's external financings by 7.
The decision by one of the Gulf state's many investment vehicles to inject 500 million euros into newly formed lender EFG Eurobank , via a mandatory convertible bond
, came as a surprise.
J P Morgan is assisting the bank with its capital-raising plans for the five-year mandatory convertible sukuk, which is the Islamic equivalent of a mandatory convertible bond