SHUAA pays off ADFG’s $100 mn bond

BBN Report

DUBAI/November 3-2020: SHUAA Capital, the leading asset management and investment banking platform in the region today paid in full the $100 million bond issued in November 2017 by ADFG FC Ltd, which merged with SHUAA last year.

SHUAA boasts an asset management and investment banking platform with approximately $13 billion in assets under management and with offices throughout the Middle East and the United Kingdom.

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 new bond is listed on the London Stock Exchange’s (LSE) International Securities Market.

 

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