NMC Health's $450mln bond to boost Saudi expansion | ZAWYA MENA Edition:
"The UAE-based private health care operator NMC Health has launched a $450 million senior unsecured guaranteed bond to help pay off an existing $1 billion bridge facility and support its expansion plans into Saudi Arabia. The earlier bridging loan was part of the $2 billion capital structure refinancing put in place at the start of the year, the company said. The bond is due in 2025 and is convertible into ordinary shares. JP Morgan is the sole bookrunner on the issuance. Bonds will have a fixed coupon rate of 1.875 percent, paid semi-annually."
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