Beirut Banks Raise Local Currency Loan For Power Projects
A syndicate of Beirut banks, led by Banque Libano-Francaise and including Banque Audi, Arab Bank, Banque d'Affaires du Liban et d'Outre-Mer and Societe Generale Libano-Europeenne de Banque has raised a $60mn loan denominated in Lebanese Pounds to help finance the construction of two power stations in the country. Raising a loan in the local currency is quite novel in Lebanon, where most...
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