Dubai – Mubasher: Shuaa Capital has fully redeemed the $100 million bond issued in November 2017 by ADFG FC Limited, according to a press release on Tuesday.
The repayment of bonds came after the company had successfully closed a new three-year bond to raise $150 million in the first high yield issuance in MENA since the beginning of the coronavirus (COVID-19) outbreak.
The new bond is listed on the London Stock Exchange's International Securities Market.
It is noteworthy to mention that in late October, the company priced a $150 million bond issuance with a coupon of 7.5%.
