Abu Dhabi's Waha eyes $272m bond issue

Abu Dhabi-listed Waha Capital received its board's approval to issue a Dh1bn ($272.3m) convertible bond, a company executive told Reuters on Tuesday. Waha's board will seek approval of the decision at the company's extraordinary general meeting (EGM) on March 21, the executive told Reuters without providing more details. On Sunday, a company spokesman told Reuters that Waha Capital may opt for a convertible bond issue at it board meeting on Monday.