LEBANON

Lebanon Plans $1Bn Eurobond

The Lebanese Ministry of Finance will shortly be issuing a $1bn Eurobond to replace maturing debt and meet some of the government’s fiscal needs – estimated at upwards of $4bn for 2015 by local analysts. Last October the Lebanese parliament authorized the government to borrow up to $2.5bn in Eurobonds this year, though lead managers and terms for the issue are yet to be announced.

The Chairman of Byblos Bank and President of the Association...