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
Name | Country | Est. date | Supervisory Authority |
Bank Audi Saradar France sa | France | 1979 | Central Bank of France |
Odea Bank sa | Turkey | 2012 | Bank Regulation and Supervisory Authority |
Bank Audi Syria sa | Syria | 2005 | Central Bank of Syria |
Bank Audi sae | Egypt | 2006 | Central Bank of Egypt |
Bank Audi sal – Jordan Branches | Jordan | 2004 | Central Bank of Jordan |
Source: Company Website