VOL. XXXIX No. 59 11-November-1996LEBANON

Solidere In $125Mn GDR IssueSolidere, the Lebanese listed company charged withrebuilding downtown Beirut, will offer its first Global Depositary Receipt (GDR) at the end of November. The $125mn issue is being lead managed by Merrill Lynch with a selling group comprising ING Barings, Robert Flemings, Banque Paribas and United Bank of Switzerland (MEES, 4 November). The GDRs will be offered to overseas investors in a one-share-for-ten-GDRs wap. The...