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...
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