Aabar Investments plans Dh6.7b convertible bonds

ABU DHABI — Aabar Investment is planning to issue convertible bonds valuing Dh6.7 billion worth for a Abu Dhabi based strategic investor.

By A Staff Reporter

Published: Wed 30 Jul 2008, 12:41 AM

Last updated: Sun 5 Apr 2015, 1:00 PM

The Company has called an extraordinary general meeting of shareholders, to get their consent on the issuance of Bonds. The shareholders will also be asked to give authority to the board to decide on the strategic investor, which is most probably be the government owned Mubadala Development Corporation, apart from its denomination.

Other issues the board would decide include the conversion price into shares, with a coupon equivalent to three months Emirates Interbank Offered Rate plus a spread.

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