Middle East Economic Survey

VOL. LII

No 49

7-Dec-2009

Lebanon

Strong Market Appetite For Lebanon’s $500Mn Eurobonds

Lebanon’s new Finance Minister Raya Haffar al-Hasan said on 3 December that the government had “outstanding results” with its $500mn Eurobond issue to refinance public debt, which was oversubscribed. The issue went ahead despite the market jitters surrounding sovereign debt in the Middle East after Dubai World requested a debt standstill at the end...