SHUAA Capital prices $150 million bond issuance
- Date: 24-Oct-2020
- Source: Saudi Gazette
- Sector:Financial Markets
- Country:UAE
SHUAA Capital prices $150 million bond issuance
DUBAI — SHUAA Capital, a leading asset management and investment banking platform in the Middle East, announced that it has successfully priced a $150 million bond issuance. The bond priced with a coupon of 7.5 percent 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 28th October
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