NMC's convertible bonds become worthless

Aidan Gregory

March 24, 2020 02:00 pm

NMC_Health__2_Abu_Dhabi_575_375 — March 29, 2013, Abu Dhabi, United Arab Emirates: Jet Skiers With The Skyline Of Abu Dhabi In The Background; Abu Dhabi, United Arab Emirates (Credit Image: © Kav Dadfar/Design Pics via ZUMA Wire) | Kav Dadfar/Zuma Press/PA Images

NMC Health’s $360m convertible bonds are trading at mere cents on the dollar, suggesting virtually no recovery value after the scandal-hit UAE hospitals group said on Tuesday it had discovered even more undisclosed debt.

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Topics

Governance Equity UK EMEA GCC United Arab Emirates Middle East Europe Emerging Markets SRI Middle East Equity Equity-Linked EM Middle East Middle East Bonds

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Aidan Gregory