United Arab Shipping steams through investors ahead of bond

02 Dec 2011

United Arab Shipping Co has completed a series of meetings with bond investors, arranged by Deutsche Bank, Mitsubishi UFJ and UBS. The meetings were in London on Tuesday and finished on Wednesday in Zurich and Geneva. Over the last week the company has visited investors in Singapore, Hong Kong, Abu Dhabi and Dubai.

The company is unrated. If UASC places a bond, it will be its first international deal.

The company’s authorised capital is $2.47bn. UASC has an annual turnover of $1.48bn and total assets of $3.19bn.

UASC was formed in 1976 by the Kingdom of Bahrain, Republic of Iraq, State of ...

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