Assertion: year convertible bond | /r/HasProperty | valued at aed390 million
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text: Although its shareholders' equity declined to UAE dirham (AED) 1.2 billion at year-end 2015 from AED 1.6 billion in 2014 as a result of underwriting losses, the insurer has restored its capital adequacy by issuing a three-year mandatory convertible bond , valued at AED390 million.