SHUAA pays off 2017 $100 million bond

SHUAA Capital today announced that it has paid in full the US$100 million bond issued in November 2017 by ADFG FC Limited.

"The redemption follows the recent successful closing of a new three-year bond, which saw SHUAA raise $150 million in the first high yield issuance in MENA since the onset of COVID-19," the company said in a statement on Tuesday.

The new bond is listed on the London Stock Exchange's International Securities Market.

News Source: http://wam.ae/en/details/1395302882967