Lebanon on 21 March raised a record $3bn through a Eurobond issue which was six times oversubscribed with offers of $17.8bn.

As such Lebanon has raised the full $3bn of Eurobond debt authorized by parliament for 2017. Some $600mn was raised from foreign banks and financial institutions, with overall foreign demand at near-$4bn, the finance ministry says.   

Barclays, Societe Generale, JP Morgan Chase and local bank Byblos were lead arrangers on the bond which was originally...