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Atlas Mara Raises USD17.4 Million Through Convertible Bond Issue (ALLISS)

Fri, 22nd Apr 2016 06:58

LONDON (Alliance News) - African banking group Atlas Mara Ltd on Friday said it has placed another USD17.4 million in senior convertible notes.

The company, co-founded by former Barclays PLC chief executive Bob Diamond, said one of its subsidiaries subscribed for USD6.0 million of the bonds to facilitate an investment by African investors.

The bonds will be convertible into Atlas Mara shares a USD11.00 per share and in the meantime will pay 8.0% interest. Atlas Mara shares closed at USD4.39 on Thursday.

Atlas Mara will use the proceeds to fund near-term acquisition opportunities and for general corporate purposes.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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COMPANIES
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PRESS: Bob Diamond's Atlas Mara Agrees To Buy 2nd African Bank - FT

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Atlas Mara To Acquire ABC Holdings And ADC African Development Corporation For Up To USD265 Million

LONDON (Alliance News) - Atlas Mara Co-Nvest Ltd Monday said it has agreed to acquire a majority stake in sub-Saharan African bank ABC Holdings Ltd (Banc ABC) and ADC African Development Corporation AG for up to USD265 million in cash and shares. In a statement, Atlas Mara, co-founded by ex

31 Mar 2014 11:33

Atlas Mara proposes first acquisitions

Atlas Mara, the African banking company co-founded by former Barclays boss Bob Diamond, has agreed its first two acquisitions. Diamond and co-founder Ashish Thakkar have signed agreements to acquire a majority of BancABC and ADC African Development Corporation for $265m in cash and Atlas Mara shar

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Atlas Mara Raises USD17.4 Million Through Convertible Bond Issue (ALLISS)

UK MORNING BRIEFING: Bob Diamond Recruits CEO From Barclays

TOP NEWS: Glaxo Investigating Its Conduct In Iraq - Reports

UK MORNING BRIEFING: Shares Led Lower; Kentz Receives Contract

PRESS: Bob Diamond's Atlas Mara Agrees To Buy 2nd African Bank - FT

Atlas Mara To Acquire ABC Holdings And ADC African Development Corporation For Up To USD265 Million

Atlas Mara proposes first acquisitions

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