Middle East Economic Survey
VOL. LIV
No 22
30-May-2011
Lebanon
Lebanons $1Bn Eurobond More Than Twice Oversubscribed
Lebanons latest Eurobond issue, which closed on 18 May, was more than twice oversubscribed at $2.3bn, but the government only needed $1bn to roll over its maturing bond. Fransabank, Byblos and HSBC were given the mandate to market the new issue, which was divided into two tranches $650mn maturing in 2019 at a yield of 6%, and $350mn maturing in 2022 at a yield of 6.575%....
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