Financial and Banking News


Arab Banks Co-Manage 21 Bond Issues 

Arab banks and financial institutions co-managed a total of 21 bond issues during April and May, bringing to 65 the number of issues they have co-managed during the first five months of the year. Of the recent issues, 19 were US$-denominated, nine were straight issues and 11 were equity-related. Two issues also had an Arab bank as a lead manager: a $100mn straight issue for Chrysler Financial Corporation...