VOL. XLIII

No. 33

14-August-2000

LEBANON

Lebanons Bank Audi Plans To Launch Convertible Bonds

Banque Audi announced on 4 August that it is preparing to tap international markets with a three-year dollar-denominated bond carrying a fixed rate of return and with a convertible option into the banks global depository receipts (GDRs). According to the Beirut Daily Star, the bonds, which are being targeted mainly towards Audis retail depositors with a minimum investment of $1,000, will offer investors...