Lebanon’s $2Bn Issue Meets Limited Market Appetite
Lebanon’s latest $2bn Eurobond issue launched in mid-November was not met with the usual enthusiasm in the market. Lebanese Minister of Finance Muhammad Safadi announced last week that banks only subscribed to a total of $1.55bn and that the government had hoped to raise more cash from the transaction. He explained that Lebanese banks, which mainly acquired the bonds, were not eager to...
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