Lebanon & Gulf Bank Issues $20M Preferred Shares

Lebanon & Gulf Bank S.A.L issued 200,000 Non-cumulative redeemable preferred shares issue 2014 at a price of $100 per share, with a nominal value of LBP 20,300 ($13.47). Annual dividend is equal to 7% of the issue price, or $7 per year, and subject to a 10% withholding tax.

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