BBC To Issue $12Mn Certificates Of Deposit
Banque Beyrouth pour le Commerce (BBC) has announced a $12mnissue of 18-month dollar- denominated Certificates of Deposit (CDs). The issue will bemanaged by the bank itself and will mature on November 6, 1998. Placement will begin on 6May in Lebanon and abroad in denominations of $100,000. The CDs are payable in three equalsemi-annual payments with a fixed interest rate of 8.25% (2.25bps over equivalent US...