28 Aug 2009 07:00
August 27, 2009
Byblos Bank S.A.L. intends to increase the Bank's capital through the issuance of U.S.$200,000,000 Tier 1 Non-Cumulative Redeemable Series 2009 Preferred Shares.
The Central Bank of Lebanon approved the transaction on the 19th of August, 2009.
Official Subscription to the new issue will commence on the 28th of August, 2009 and will close on the 9th of September, 2009.
The transaction is expected to close during September 2009.
Byblos Bank S.A.L.
This RNS announcement shall not and do not constitute either an offer to purchase or buy or a solicitation to purchase or buy or an offer to sell or exchange or a solicitation to sell or exchange any securities (including the Tier 1 Non-Cumulative Redeemable Series 2009 Preferred Shares) and neither this RNS announcement nor anything contained herein shall form the basis of any contract or commitment whatsoever.
BYB.L (BYB)