In December 2016 Floreat group issued notes for USD 132m in equity via two series A & B. Series B was structured as Sharia compliant to accommodate Floreat’s private and institutional investors from the Middle East. The split between each series was USD 51m through Series A and USD 81m through Series B.
In addition to the equity, USD 152m of senior debt was provided by Nord LB who also acted on behalf of senior lenders, on 29 November 2016