April 26, 2018 / 5:12 AM / a month ago

BRIEF-DXB Entertainments To Issue AED 1.235 Bln Convertible Bonds

April 26 (Reuters) - DXB ENTERTAINMENTS:

* SHAREHOLDERS APPROVE ENTERING INTO RELATED PARTY TRANSACTION WITH CO’S MAJORITY SHAREHOLDER MERAAS HOLDING AND MERAAS LEISURE AND ENTERTAINMENT FOR ISSUANCE OF UPTO AED 1.235 BILLION CONVERTIBLE BONDS

* COUPON RATE 8 PERCENT PER ANNUM, COMPOUNDED QUARTERLY – TO BE ADDED TO VALUE OF CONVERTIBLE BONDS AND EITHER CONVERTED INTO SHARES OR REPAID AT MATURITY Source text for Eikon: Further company coverage:

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