Lebanese reforms caught in the crossfire
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In June, East Cameron Partners in Texas became the first US oil and gas company to borrow money via an Islamic securitization structure. Merrill Lynch acted as bookrunner – no surprise there. But the bank that structured the deal might have raised a few eyebrows since it was Lebanon’s BSEC. The Beirut company might be small in size – it has only 15 employees – but it thinks big.
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