Financial and Banking News


BAII and ALUBAF Raise New Funding 

Following the successful floating rate note issues raised by Arab Banking Corporation ($150mn), Banque Exterieure d'Algerie ($500mn) and Misr Finance ($60mn) as described in MEES 3 June, two more Arab banks have issued marketable securities as a means of raising new sources of funding. The Paris-based Banque Arabe et Internationale d'Investissements (BAII) issued $100mn of FRNs in the eurobond...