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Islamic Finance Briefing - Categorized | Banking, Bonds (Sukuk), Market Moves more

Shuaa mulls convertible bond repurchase

Posted on 27 May 2009

From Tradearabia.com: Shuaa Capital (Shuaa), a Dubai-based investment bank, is considering buying back a convertible bond issue worth Dh1.5 billion ($408.5 million) or altering the price at which the bonds would be converted into shares.

The bank said in a statement today (May 26) that it had extended a deadline to reach an agreement with the Dubai Banking Group over the convertible bond issue until June 4…….Full Article: Source

 
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