Abu Dhabi – Mubasher: Abu Dhabi National Insurance Co (ADNIC) said that the maturity date of the mandatory convertible bonds is 15 June.

This bonds’ conversion will be through 7.5% of the AED 390 million nominal value at AED 1.04 per bond, according to a bourse filing issued on Monday.

The interest payment will be for the entitled bondholders on 20 June through the National Bank of Abu Dhabi (NBAD).