NO. 16


Financial and Banking News

Regional Financing

Solidere Flotation Oversubscribed By 42%

Solidere, the private sector company charged with rebuilding the centralbusiness district of Beirut, received applications for $926mn in shares by thetime its public flotation closed on 10 January. The company was offering $650mn,representing 35.5% of its total capital. The remainder has already beenallocated to holders of property rights in the area to be developed. Solidere...