Middle East Economic Survey

VOL. LIV

No 20

16-May-2011

Palestine

Padico Issues First Corporate Bonds In Palestine

Palestinian investment firm Padico Holding announced the Palestinian territories first issue of corporate bonds, at a total par value of $70mn with a five-year maturity, on 11 May. The bonds are set to be privately placed and will not be listed nor traded on the Palestine Exchange. According to the companys statement, the offer was oversubscribed as several banks and financial...