United Development to sell $400m of convertible bonds

04 August 2010

Qatari investment firm, United Development plans to sell about $400m of convertible bonds by year-end, Bloomberg has reported. The five-year bond sales are set to provide funding for the company's facility management entities, including a company that is caring for The Pearl, a project being built on an island off the Qatari coast, Abdullah Araj, executive vice president of finance told the news service.

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