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 416,634.23 1594 9.03%
2 JPMorgan 379,647.36 1732 8.23%
3 Bank of America Merrill Lynch 359,625.73 1304 7.80%
4 Barclays 267,126.92 1079 5.79%
5 Goldman Sachs 267,110.09 921 5.79%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 HSBC 45,073.36 191 6.67%
2 Deutsche Bank 37,312.62 138 5.52%
3 BNP Paribas 36,204.20 208 5.36%
4 JPMorgan 34,040.23 112 5.04%
5 Bank of America Merrill Lynch 32,958.96 107 4.88%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 22,398.41 104 8.67%
2 Morgan Stanley 19,092.40 102 7.39%
3 Citi 17,768.49 110 6.88%
4 UBS 17,693.89 71 6.85%
5 Goldman Sachs 17,256.05 98 6.68%