VOL. XLV

No 24

17-June-2002

LEBANON

Banque Audi Raises Capital Base To $400Mn

Lebanons Banque Audi has raised its capital to $400mn with the issueof $100mn of two types of preferred shares $60mn redeemable in five years with an annual dividend yield of 12% (Ashares) and $40mn redeemable in five years with an annual dividend yield of 6%(B shares). The capital increase has allowed the bank to jump from the fourthto the second largest in Lebanonin terms of shareholders equity, according to Freddie...