From Zawya.com: 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 issue.
J.P. Morgan is assisting Ithmaar Bank with its capital-raising plans for the Mandatory Convertible Sukuk……………………Full Article: Source



RSS

