Marka’s Board approves AED250 million convertible bonds issue
Marka’s (MARKA.DU) Board of Directors has approved the issuance of mandatory convertible bonds (MCBs), with a maximum issuance value of AED250 million to be listed on the DFM. The shares will be first offered to Marka’s shareholders at a maximum interest rate of 7% (semi-annual), a transfer price ceiling of AED0.3/share, and a minimum term of five years, as per the board’s approval. (Company Disclosure)
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