Bank of Beirut to redeem 'Series D' preferred shares

Bank of Beirut (BoB) said it plans to redeem all its Series D preferred shares on December 28. The share will be de-listed from the Beirut Stock Exchange (BSE) as of December 21, which will be its last day of trading.

BoB issued in 2007 four million redeemable, non-cumulative, perpetual 'Series D' preferred shares. The issue price was $25 per share.

Trading in BoB’s other listed shares will continue as normal.