Latest news with #oversubscribed
Argaam
3 days ago
- Business
- Argaam
ASAS Makeen IPO on Nomu 1949% covered
Yaqeen Capital, the financial advisor and lead manager for the initial public offering (IPO) of ASAS Makeen Real Estate Development Co., announced the completion of the offering on the Nomu -Parallel Market, which was 1949.5% oversubscribed at SAR 80 a share. A total of 19.49 million shares were requested, representing a subscription value of SAR 1.56 billion during the offering period from May 19 to 25, the brokerage said in a statement to Tadawul on May 28. Yaqeen Capital will finalize the required procedures with Tadawul before determining ASAS Makeen's debut date. According to Argaam 's data, ASAS Makeen earlier announced floating 1 million shares on Nomu at a nominal value of SAR 80 each. These shares represent 10% of the company's SAR 100 million capital, divided into 10 million shares at a par value of SAR 10 each.
Zawya
07-02-2025
- Business
- Zawya
Government of Sharjah €500mln 7-year bond priced
The Government of the Emirate of Sharjah 7-year €500 million ($521 million) no grow, fixed rate Regulation S Senior unsecured bond offering was priced at mid-swaps + 245 basis points (bps), tighter than the price guidance. The coupon payable is 4.625% annually. Settlement date is 13 February 2025. Order book size was over €1.7 billion, 3.4 times oversubscribed. Abu Dhabi Commercial Bank, Bank of Sharjah, Crédit Agricole CIB, Emirates NBD Capital, HSBC, IMI-Intesa Sanpaolo and J.P. Morgan acted as joint lead managers and joint bookrunners. (Writing by Brinda Darasha; editing by Imogen Lillywhite)
