iPhone | iPad
Android
Huawei
The Artisan is an ideal choice for a business lunch
KT APPDOWNLOAD
Esterad Launches Bahrain’s First Public Convertible Bonds
DUBAI - Esterad Investment Company BSC (Esterad), on Saturday announced the opening of subscription to the first public offering of convertible bonds to be made by a Bahraini company on the Bahrain Stock Exchange.
The Offer will see $18.5 million worth of convertible bonds paying a 4.5 per cent coupon publicly marketed to all investors across the region.
The subscription period for the bond offer commences on January 10, 2010 and will close on January 24, 2010. Shareholders of Esterad Ordinary Shares on the register at 31 December 2009 will be entitled to subscribe for three bonds for every 310 Ordinary Shares held at the record date. The Offer is also open to members of the public and includes an over-allotment element of up to $21.2 million in case of over subscription.
More news from
Before 1971, the average life expectancy was 53 years — now it's 80; this is why managing seniors' well-being is becoming an important topic, doctor says
Gomez emphasises the role of gastronomy in diplomacy, stating that the relationships between nations are often strengthened around the dining table
Ministers of Gulf Arab states, Iran meet and talk de-escalation
All apartments will have temperature-controlled sunken balconies that allow residents to enjoy year-round outdoor living
First sales from developers outnumber re-sales in the secondary market
In Dubai, overall activity levels rose at the fastest pace in four months
The airline will also provide 48-hour and 96-hour transit visas for travellers from the African country