No. 21



Second Lebanese Cement Company In Bond Issue

As reported in MEES of 11 December 1995, a third Lebanese cement producer has decided to tap the bond market, albeit not the eurobond market. Societe Ciments de Sibline invited subscriptions on 1 February for a $35mn bond issue convertible after 7 years into 20 shares each. The coupon on the bonds is 12% per annum and subscriptions close on 23 February. The bonds will be listed on the Beirut...