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...
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