Middle East Economic Survey
Lebanon Plans $500Mn Eurobonds Issue
Lebanon plans to issue up to $500mn in Eurobonds in the coming weeks, with proceeds to be mainly earmarked for servicing debt and subsidizing state-owned power company Electricité du Liban, the Lebanese caretaker Minister of Finance Muhammad Shatah told the press on 14 October. The size of the Eurobond issue is limited by what the government is authorized to borrow without new legislation. The...