UAE-based Aabar Investments has said its planned $2bn convertible bonds sale will be made to International Petroleum Investment Co, Reuters has reported. In a regulatory filing, Aabar said it was mulling convertible bonds worth up to Dhs7.35bn at a conversion price of Dhs2.5 per share. The bonds are being issued for general corporate purposes, Aabar said.
You might also like...
Red Sea Global awards Marina hotel infrastructure
18 April 2024
Aramco allows more time to revise MGS package bids
18 April 2024
Morocco tenders high-speed rail project
18 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.