Banque Libano-Française (BLF) plans to launch an open-ended fixed-income investment fund and aims to raise $50 million in one year.
The financial vehicle, LF Lebanon Income Fund, will mainly target Government instruments such as Eurobonds, but it could also invest in corporate bonds when available. "We aim to bring the size of the fund to $50 million a year from now," said Jamil Koudim, Head of Asset Management at BLF.
The fund, which is denominated in US dollars, will be op...
Article details
The financial vehicle, LF Lebanon Income Fund, will mainly target Government instruments such as Eurobonds, but it could also invest in corporate bonds when available. "We aim to bring the size of the fund to $50 million a year from now," said Jamil Koudim, Head of Asset Management at BLF.
The fund, which is denominated in US dollars, will be op...
Article details
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