On the 27th of October 2016 Bankmed S.A.L. (“Bankmed”), rated B- (stable) by Standard and Poor’s Credit Market Services Europe Limited (“S&P”) and one of the leading banks in Lebanon, successfully established its $500 Million Short Term Certificates of Deposit Programme. The Programme is rated C (short-term) / B- (long term) by S&P. This marks the first Short Term Certificates of Deposit Programme established by a Lebanese bank in the international markets. The Programme is listed on the Luxembourg Stock Exchange. It allows for the issuance of listed and unlisted Certificates in a number of foreign currencies, subject to compliance with any applicable legal and regulatory requirements. The tenor of the Certificates will be between 1 and 18 months. Offers and sales of Certificates are subject to applicable selling restrictions. There will be no initial sale or marketing of the Certificates in Lebanon.
Disclaimer
The information contained herein is not for release, publication or distribution, directly or indirectly, in or into any jurisdiction where the release, publication or distribution would be unlawful. This announcement (and the information contained herein) does not constitute an offer of securities for sale, or the solicitation of an offer to purchase securities. The securities referred to herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States or to U.S. persons unless the securities are registered under the Securities Act or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States.
The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of any securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be not in compliance with the laws of such jurisdiction. This announcement does not constitute an offer to sell or exchange securities to the public in the United Kingdom. Consequently, this announcement may be directed only at (i) persons in member states of the European Economic Area who are qualified investors within the meaning of Article 2(1)(E) of the Prospectus Directive (2003/7/EC) (“qualified investors”), (ii) persons who are outside the United Kingdom, (iii) persons who have professional experience in matters relating to investments falling within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iv) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as "relevant persons"). Any investment activity to which this announcement relates will only be available to, and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
© Press Release 2016
