LEBANON
 
Lebanon Eurobond Oversubscribed At $1.1Bn
 
Lebanon, rated B1/B/B, successfully closed its $1.1bn Eurobond on 11 April. The oversubscribed sovereign bond, which was originally set at $1bn, was issued in two tranches – $600mn due 27 January 2023 at a reoffer price of 98.892 to yield 6.15% and $500mn due 29 November 2027 at a reoffer price of 100.451 to yield 6.7%, a lead banker has said. The latest issue will thus raise the outstanding amount of the...