Bank Audi Markets $150M Certificates of Participation in Odea Bank Sub-Loan

After the approval of the Lebanese Capital Market Authority (CMA) on the 26th of January 2015, Bank Audi SAL will promote Certificates of Participation in Odea Bank Sub-Loan.

 By this, Bank Audi will lend Odea Bank $150M. The coupon rate on these certificates is 6.5%, and the maturity date is on the 1st of October 2024.

Bank Audi Commercial Banks Subsidiaries Outside Lebanon

NameCountryEst. dateSupervisory Authority
Bank Audi Saradar France saFrance1979Central Bank of France
Odea Bank saTurkey2012Bank Regulation and Supervisory Authority
Bank Audi Syria saSyria2005Central Bank of Syria
Bank Audi saeEgypt2006Central Bank of Egypt
Bank Audi sal – Jordan BranchesJordan2004Central Bank of Jordan

Source: Company Website

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