VOL. XLI

No. 20

18-May-1998

LEBANON

While Other Institutions Look To Raise Equity

Meanwhile, the Lebanese equity market is witnessing a burst of activity as fourcompanies, including three banks, look to issue Global Depositary Receipts (GDRs) on theinternational market. Solidere, the Lebanese private sector company which is rebuildingcentral Beirut, is currently on a roadshow in Europe and the US to launch its second GDRissue. Solidere is looking to raise $65mn in an issue lead-managed by US...