SHUAA Capital successfully prices USD 150m bond issuance

SHUAA Capital successfully prices USD 150m bond issuance

The bond has attracted strong institutional interest across the MENA/GCC region and beyondIt will be listed on the London Stock Exchange's International Securities MarketUnited Arab Emirates: SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, announces that it has successfully priced a USD 150 million bond issuance. The bond priced with a coupon of 7.5% will be the first high yield issuance in MENA since the onset of the COVID-19 pandemic in March 2020.The bond has attracted significant institutional interest across the MENA/GCC region and beyond. It will be listed on the London Stock Exchange's International Securities Market (the ISM) and admission to the ISM expected to happen on or around 28 October 2020.Jassim Alseddiqi, Chief Executive Officer of SHUAA, commented, “SHUAA has