Financial and Banking News
Indosuez Signs $15mn Share Repurchase Facility with Bahraini Company
The Bahrain offshore banking unit of Banque Indosuez signed a $15mn sharerepurchase agreement with the local Sa'd Investments Company on 15 January. Thedeal is for one year, renewable, and carries a floating rate over Libor. Exactpricing has not been revealed. Sa'd is a private Manama- based securitiescompany, and it will use the facility for purchasing...