Middle East Economic Survey

VOL. LI

No 10

10-March-2008

LEBANON

Lebanon Mandates Credit Suisse And Bank Audi To Raise $869Mn Eurobond

The Lebanese Ministry of Finance has mandated Credit Suisse and Bank Audi to raise $869mn in a Eurobond deal which will be used to refinance the countrys existing debt maturing this month. The deal will be denominated in dollars and will have tenors of three and five years. Lebanon is burdened by a public debt of some $42bn, representing about 171% of GDP, mostly...