VOL. XLI
No. 05
2-February-1998
TUNISIA
Tunisia's BIAT Launches GDR Issue
Roadshows are underway in the US and Europe to launch Tunisia's Banque InternationaleArabe de Tunisie's (BIAT) long-awaited Global Depositary Receipts (GDRs) issue (MEES,10 November 1997). A total of 3.2mn GDRs, equivalent to 1.6mn shares - each GDR representsone-half of an ordinary share, with a nominal value of TD10 each ($8.7) - are beingoffered under regulation 144A in the US and Regulation S in Europe. No price for...
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