NO. 31


Financial and Banking News

Loans & Issues

ABC Finalizes Share Launch

The Arab Banking Corporation (ABC) international share issue, which isexpected to raise about $380mn, will be underwritten by mid-May and the newfunds will be entered into ABC's books by 25 June. The bank is issuing 25mn newshares with a par value of $10 each. The issue price has not yet been decided,but it is expected to be close to the current book value of ABC's shares, whichis $15.33. About...