Aldar, Arabtec announce CB plans

Aldar Properties, the Abu Dhabi developer, could issue convertible bonds as part of a debt restructuring package. The company on Monday said that it would hold a board meeting on Thursday (January 13) to consider calling an EGM to approve the issuance. It will also consider selling assets and converting CBs previously issued to state investment company Mubadala into equity.

  • 11 Jan 2011

The company’s last public convertible bond issue, a $2.53bn sukuk sold in February 2007 was managed by Barclays Capital, Credit Suisse and National Bank of Abu Dhabi.

Arabtec Holdings, the UAE based construction firm, could also convertible bonds. It will hold a board meeting on January 16 to call ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 313,117.00 1169 8.99%
2 JPMorgan 284,084.45 1296 8.16%
3 Bank of America Merrill Lynch 281,023.48 968 8.07%
4 Goldman Sachs 212,563.64 697 6.10%
5 Barclays 203,259.32 781 5.84%

Bookrunners of All Syndicated Loans EMEA

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1 Deutsche Bank 31,971.88 102 6.87%
2 HSBC 31,940.18 140 6.87%
3 Bank of America Merrill Lynch 29,065.55 82 6.25%
4 BNP Paribas 24,679.63 135 5.30%
5 SG Corporate & Investment Banking 22,195.55 122 4.77%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 14,960.44 66 7.87%
2 Morgan Stanley 13,992.90 72 7.37%
3 Citi 13,566.56 83 7.14%
4 UBS 13,028.25 52 6.86%
5 Goldman Sachs 11,994.74 65 6.31%