Dubai’s Emaar Bondholders Seek Equity Conversion

By Amwal Al Ghad English On Dec 16, 2013

Holders of Dubai-based developer Emaar Properties’ convertible bonds have asked the company to convert them into shares, Emaar said in a bourse statement on Sunday.

Emaar said its board would discuss the matter at a meeting on December 17. Emaar issued a $500 million convertible bond in 2010.

Source: Reuters