ID :
48688
Tue, 03/03/2009 - 13:20
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Shortlink :
https://oananews.org//node/48688
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Abu Dhabi’s Aabar buys EU49.8 million UniCredit convertible bond
Aabar Investments PJSC, the Abu Dhabi-based investment company that agreed to buy American International Group Inc.’s private banking unit, paid 49.8 million euros (US$62.6 million) to purchase UniCredit SpA’s convertible bonds according to a report by Bloomberg.
The bonds exchangeable into ordinary shares of UniCredit and maturing in 2050 will pay a quarterly coupon equal to the 3- month Euro Interbank Offered Rate plus 4.5 percent per year, Aabar said today in a statement to the Abu Dhabi bourse Web site. The initial exchange price will be 3.083 euros. –
The bonds exchangeable into ordinary shares of UniCredit and maturing in 2050 will pay a quarterly coupon equal to the 3- month Euro Interbank Offered Rate plus 4.5 percent per year, Aabar said today in a statement to the Abu Dhabi bourse Web site. The initial exchange price will be 3.083 euros. –
