{"id":91968,"date":"2024-05-14T00:00:00","date_gmt":"2024-05-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/shuaa-capital-eyes-aed-250-mn-bonds-to-settle-debt-repayments-report\/"},"modified":"2024-05-14T00:00:00","modified_gmt":"2024-05-14T00:00:00","slug":"shuaa-capital-eyes-aed-250-mn-bonds-to-settle-debt-repayments-report","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/05\/14\/shuaa-capital-eyes-aed-250-mn-bonds-to-settle-debt-repayments-report\/","title":{"rendered":"Shuaa Capital eyes AED 250 mn bonds to settle debt repayments \u2013report"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Shuaa Capital is looking at raising AED 250 mn in bonds to meet senior debt <\/strong><strong>obligations and settle unsecured bonds <\/strong>as part of a wider restructuring program, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/markets\/fixed-income\/exclusive-shuaa-capital-set-to-tap-bond-market-to-raise-68mln-amidst-debt-restructuring-e8t1k845\" style=\"\" rel=\"noopener\">Zawya<\/a> reports, citing sources. The company is reportedly eyeing a shortlist of \u201cqualified investors,\u201d Zawya added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Shuaa Capital fully settled AED 500 mn (USD 136 mn) in margin facilities with multiple UAE banks earlier this month. The investment bank reached an agreement with bondholders in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/45e7e740-359e-4d17-9f86-21bf01480bbd\/%253cmark%253eshuaa%253c%2Fmark%253e%253cmark%253e-capital%253c%2Fmark%253e-restructures-usd-150-mn-debt\" style=\"\" rel=\"noopener\">April<\/a> to stretch payment terms for approximately USD 150 mn worth of bonds after the bank\u2019s losses deepened five-fold to AED 866 mn in 2023. The company has also placed a new management team as part of its capital optimization plan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company fully settled AED 500 mn in margin facilities with multiple UAE banks earlier this month<\/p>\n","protected":false},"author":1,"featured_media":91969,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1546],"tags":[1391,68,7,217],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt","tag-debt-watch","tag-enterpriseam-uae","tag-shuaa-capital","wpautop","entry"],"acf":{"mongo_id":"8ef14e87-03e1-4f37-958f-5fd486e0f171","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/549.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Shuaa Capital eyes AED 250 mn bonds to settle debt repayments \u2013report","related_issue":[91957],"teaser":"The company fully settled AED 500 mn in margin facilities with multiple UAE banks earlier this month","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.276ced9f-7528-422d-8e26-ccc35d8dfce6.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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