Mubadala invests in Telegram’s USD 1.7 bn convertible bond issuance
The new bonds can be redeemed at 80% of the IPO price if Telegram goes public before the notes mature
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The new bonds can be redeemed at 80% of the IPO price if Telegram goes public before the notes mature
The GCC region appears to still be doing a good job attracting investors to its bonds and sukuk market. During…
Initial price guidance was set at a spread of 95 bps over US Treasuries
The senior unsecured notes are priced at a spread of 100 bpd above SOFR
The sukuk drew in AED 6.9 bn in bids
The offering was 6.6x oversubscribed by intl’l and regional investors
This is dual-tranche Reg-S offering with a 5- and 10-year tenors
The offering matures in 2029, and carries an 8% yield
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