Financial and Banking News


Arab Banks Co-manage 20 Bond Issues 

Arab banks and financial institutions have co-managed 20 bond issues during the month of March and the first week of April. Half of these were straight issues, six were FRNs and the remainder were equity related. US$-denominated issues accounted for 13 of the bonds issued, as indicated in the summary table below:

 Borrower Amount Maturity Arab co-managers (mn) Floating Rate Notes SNCF (France) $66 1996...