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Sunday, 19 March 2017

NMC Health Close to Issuing Bonds or Sukuk to Fund Acquisitions - Bloomberg

NMC Health Close to Issuing Bonds or Sukuk to Fund Acquisitions - Bloomberg:

"NMC Health Plc, based in Abu Dhabi, is close to tapping the bond market to finance acquisitions and diversify its sources of funding as it seeks to expand across key Persian Gulf markets. The London-listed healthcare provider is planning to grow in Saudi Arabia, Oman and Qatar, where it’s focusing on the fertility segment, Chief Executive Officer Prasanth Manghat said in an interview. The size of the acquisition would determine the amount of debt raised. “We’d be looking at fixed income, a sukuk or bond,” said Manghat, who was promoted to CEO this month. “A bond is definitely very close on the cards. But at the end of the day, it’s all driven by what price you get it.”"



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