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US firms are turning to convertible bonds: Issuance of convertible debt in theUS climbed 77% last year to USD 48 bn, bucking the trend of otherwise quiet corporate fundraising across capital markets, according to the Financial Times. Experts see the love for convertible debt continuing into 2024 as companies look to refinance maturing debt.
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ADX |
9,716 |
+1.3% (YTD: +1.4%) |
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DFM |
4,078 |
-0.3% (YTD: +0.4%) |
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Nasdaq Dubai UAE20 |
3,816 |
-0.7% (YTD: -0.7%) |
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USD : AED CBUAE |
Buy 3.67 |
Sell 3.67 |
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EIBOR |
5.1% o/n |
5.1% 1 yr |
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TASI |
11,929 |
-1.6% (YTD: -0.3%) |
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EGX30 |
25,409 |
-0.4% (YTD: +2.1%) |
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S&P 500 |
4,705 |
-0.8% (YTD: -1.4%) |
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FTSE 100 |
7,682 |
-0.5% (YTD: -0.7%) |
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Euro Stoxx 50 |
4,448 |
-1.4% (YTD: -1.6%) |
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Brent crude |
USD 78.25 |
+3.1% |
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Natural gas (Nymex) |
USD 2.69 |
+4.7% |
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Gold |
USD 2,048.90 |
-1.2% |
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BTC |
USD 42,765 |
-4.9% (YTD: +1.2%) |
THE CLOSING BELL-
The ADX rose 1.3% yesterday on turnover of AED 1.32 bn. The index is up 1.4% YTD.
In the green: Hayah Ins. (+14.4%), Gulf Pharma Industries (+10.7%) and Aram Group (+7.7%).
In the red: International Holding Company (-4.9%), Alpha Dhabi Holding (-3.5%) and RAK Properties (-2.8%).
The DFM fell 0.3 % yesterday on turnover of AED 179.74. The index is up 0.4% YTD.
