VOL. XXXIV

NO.16

21-JANUARY-1991

Financial and Banking News

Regional Banking

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...