NBAD plans USD 350 million senior convertible bonds
National Bank of Abu Dhabi P.J.S.C. has announced plans to sell USD 350 million senior unsecured convertible bonds due 2018 (the "Bonds") convertible into ordinary shares of NBAD ("NBAD Shares") with an increase option of up to USD 35 million. NBAD appointed BofA Merrill Lynch, Barclays and J.P. Morgan Securities plc as Joint Global Co-ordinators and Joint Bookrunners along with National Bank of Abu Dhabi P.J.S.C. (in its capacity as Joint Bookrunner). J.P. Morgan Securities plc will act as settlement agent on the offering, NBAD said in a statement.
Read Masdar Institute of Science and Technology, an independent research-driven graduate-level university focused on advanced energy and sustainable technologies, has announced that the mangroves of Abu Dhabi are crucial to the very concept of sustainable development and commended the efforts of various organizations towards preserving one of the rare natural resources of the UAE.
Read Abu Dhabi Airports Company (ADAC) today announced that airlines from around the globe will be increasing their weekly number of flight departures and arrivals at Abu Dhabi International Airport during the coming months. This summer, Abu Dhabi International Airport expects to receive 1,065 flights a week, a 15% increase compared to the 956 weekly flights during the summer months of 2012.
Read People staying in Abu Dhabi are on the lookout for some shopping bargains at Shams Festival 2013 a popular festival that offers a wide range of shopping bargains all under one roof. Taking place from 30th May to 8th June, the Abu Dhabi National Exhibition Centre will be playing host to this unique event for people of all ages to enjoy.
Read Visit the annual Ramadan and Eid Festival at Abu Dhabi National Exhibition Centre (ADNEC), which this year runs from July 19 to August 9.
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