Linklaters has advised Vodafone as it raised 3.4bn in the largest mandatory convertible bond
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.
Madrid-based Bankinter SA (BKT.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 (USD73.8m/EUR55.8m) announced on 5 March 2010.
Abu Dhabi Aabar Investments has offered to acquire 70 per cent of construction major Arabtec through a Dh6.4 billion mandatory convertible bond
at a conversion price of Dh2.3 per share, Aabar's CEO said yesterday.
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.
Although its shareholders' equity declined to UAE dirham (AED) 1.2 billion at year-end 2015 from AED 1.6 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.