Financial and Banking News
LOANS AND ISSUES
Regional Borrowers Stimulate Bond Market Activity
The still comparatively rare phenomenon of an Arab-led bond issue has been given some encouragement in recent weeks as regional borrowers have raised a total of $710mn from three issues of floating rate notes (FRNs). Banque Exterieure d'Algerie (BEA) raised $500mn from its jumbo issue (MEES 6 May) which was signed on 20 May in Paris in a deal coordinated by Banque Arabe et...