In May, the bank said it would issue a mandatory convertible bond worth OMR70m to help boost its Tier one - or core - capital.
According to the CEO, Fiat may use a mandatory convertible bond to finance a new industrial plan that will be unveiled in late April.
In a separate story, the newspaper said Fiat was considering the issue of a mandatory convertible bond of e1/41bn to e1/42bn to boost its capital base after the merger.
Madrid-based Bankinter SA (BKT.MC) has said that it will issue a three-year, EUR406m mandatory convertible bond, reports Dow Jones.
30 April 2010 - Swiss life science firm Siegfried (SWF: SFZN) said yesterday it successfully placed the mandatory convertible bond worth CHF80m (USD73.8m/EUR55.8m) announced on 5 March 2010.
Abu Dhabi Aabar Investments has offered to acquire 70 per cent of construction major Arabtec through a Dh6.4 billion mandatory convertible bond at a conversion price of Dh2.3 per share, Aabars CEO said yesterday.
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 FIVE-YEAR MANDATORY CONVERTIBLE SUKUK, WHICH IS THE ISLAMIC EQUIVALENT OF A MANDATORY CONVERTIBLE BOND ISSUE.
They say that unless ABB can take in the cash relatively soon, it could face pressure to seek alternative sources of funds, with market talk focusing on a straight or mandatory convertible bond to overcome near-term repayment obligations.
Although its shareholders equity declined to UAE dirham (AED) 1.2 billion at year-end 2015 from AED 1.6 billion in 2014 as a result of underwriting losses, the insurer has restored its capital adequacy by issuing a three-year mandatory convertible bond, valued at AED390 million.
Earlier this year, the companys board approved the first round of a $60 million mandatory convertible bond programme, which is expected to help ease pressure from its creditors.