ADNIC to issue convertible bonds
Abu Dhabi National Insurance Co. (ADNIC) said its extraordinary general meeting held recently gave the go-ahead for issuing convertible bonds worth AED390 million (USD106.2 million), with a maturity period of three years. The bonds have an interest rate of 7.5 percent, to be paid annually. Shareholders also approved the board’s recommendation on transferring AED350 million […]
