ADNIC’s AED309m mandatory convertible bonds issued as shares
Abu Dhabi Securities Exchange (ADX) stated it had listed mandatory convertible bonds worth AED390 million, that were issued by Abu Dhabi National Insurance Company (ADNIC), as shares of the company. ADNIC had issued the bonds at a fixed interest rate of 7.5 percent per annum, accorded to a WAM report. ADX said the issuance of […]
